Analysis of the Australian euro pair and the best new selling areas

Short term selling opportunity on the EUR/AUD.

 

The EUR/AUD pair was able to break the uptrend.

The pair was also able to form strong daily and 4-hour supply areas.

In the event of testing the supply areas shown, it is expected to drop to the targets specified on the chart.

The analysis fails to penetrate the supply areas and close above them.

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