Analysis of the Australian euro pair in the long term

Long term selling opportunity on the EUR/AUD pair.

 

It seems that we are on a date with an expected upcoming decline on the EUR/AUD pair.

The EUR/AUD pair rose to reach strong daily supply areas.

The pair also made a false breakout of the current supply areas as shown on the chart. The pair is expected to fall strongly

in case of breaking the upward trend shown on the chart.

The decline is expected to the targets specified on the chart to reach the demand areas below.

The analysis fails if the pair continues to rise and closes above the current supply areas.

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