EUR/AUD:Price reject the 1.4800 area - 61.8% Fibo | SHORT

The 1.4800 Area of resistance seems for the EUR/AUD a wall to not go over. The price after a pullback to the 61.8% Fibo and the already cited area, the price reject violently and drop down with a decisive bearish candle also accomplice the presence of 50 Sma working also like dynamic resistance. The forecast of Ichimoku is bearish and the pattern created is an ABCD one. The stochastic is close to the overbought but the clues on our side will see it never reach this level of 80% and drop the price down directly.

Kommentar: