EURAUD seems to to struggling in the resistance zone highlighted by the blue zone in the chart.
Along with that, we have a significant bearish divergence.
The last time price hit this resistance area, there was a similar divergence as well. And price dropped sharply.
Hence, there's a good chance that price can go lower from this area.
Along with that, we have a significant bearish divergence.
The last time price hit this resistance area, there was a similar divergence as well. And price dropped sharply.
Hence, there's a good chance that price can go lower from this area.