Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.5880).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURAUD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 33
Take Profits:
TP1= @ 1.5739
TP2= @ 1.5680
TP3= @ 1.5594
TP4= @ 1.5489
TP5= @ 1.5350
SL: Break Above R2
NFA
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