It's testing the resistance at 1.5580 but the question is whether it will break out above 1.5600.

EUR/AUD

The fundamentals pushed the pair to the upside but now it's back where it was, so there may still be drop.

EUR/AUD

It bounced off from 1.5540 and it will likely move to the downside towards 1.5440 again.

EUR/AUD

The sideways consolidation continues, the pair may test the resistance at 1.5560 at most.

EUR/AUD

The pair formed a shooting star candlestick at 1.5560 on the daily time-frame last Friday, so the move to the upside may have ended after all.

EUR/AUD

It found some resistance at 1.5560, if it breaks out above it the pair could reach 1.5600.

EUR/AUD

The move to the upside clearly continues, if it breaks out above 1.5500 next target will likely be at 1.5530 - 1.5540.

EUR/AUD

It's consolidating around 1.5350, there may be a new move to the downside towards the low at 1.5280.

EUR/AUD

I was referring to the move to 1.5530, which is, indeed, more of a retracement than a trend, even a short-term one.

EUR/AUD

Which trend? The short-term one to the upside?

EUR/AUD

You're probably right, it bounced off from 1.5530.

EUR/AUD

You mean to open more short positions?

EUR/AUD

I don't usually hold positions open for that long because I don't want to have to wait out the retracement I mentioned above.

EUR/AUD

There may be some retracement from 1.5200, the (MA)89 indicator on the weekly time-frame is at that level.

EUR/AUD

I agree, the pair is very bearish, there will likely be a movement down to 1.5300.

EUR/AUD

It's bouncing off from 1.5400 but next week it will likely continue moving to the downside.

EUR/AUD

It has broken out below 1.5500, the move to the downside will likely continue towards 1.5450.

EUR/AUD

The pair is testing the support at 1.5500 again, the question is whether it will form a double bottom or it will break out below that level.

EUR/AUD

The pair reached 1.5500 and bounced off from it, but the trend remains very bearish and the move to the downside will likely continue.

EUR/AUD

It broke out below 1.5600 and the move to the downside continues, it will likely continue falling towards 1.5500 or even towards 1.5400.

EUR/AUD