EURAUD is all set to continue its downward movement!

The price is moving down within a descending channel. Right now, it bounced off the upper boundary and hit a key weekly resistance. A candlestick pattern with a long upper wick and a small body has formed. Plus, there's a rising wedge on the 4-hour chart. A short trade looks good based on price action and backed by volume analysis, which clearly shows a clear exhaustion of buyers.

Time Frame: daily

Idea support:
- Price action
- Volume Analysis
- Trend analysis

トレード稼働中

Price: 1.6472
TP: 1.6175
SL: 1.664

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