The primary trend of EUR/AUD is bearish on charts. In its 4 hourly chart, the pair is sustaining below the trend line and is consolidating at lower levels. Its 50 day SMA has crossed below 200 day SMA indicating the bearish trend in the pair. It is having an important resistance at the level of 0.7250 and support at the level of 0.7120. If it breaks its support level and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in its negative territory supporting the upcoming bearish trend in the pair.
RSI is also sustaining in its selling zone indicating the upcoming bearish trend in the pair.
STRATEGY: EUR/GBP is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.
INDICATORS:-
MACD is sustaining in its negative territory supporting the upcoming bearish trend in the pair.
RSI is also sustaining in its selling zone indicating the upcoming bearish trend in the pair.
STRATEGY: EUR/GBP is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.