The currency pair EUR/AUD moved up over the uptrend line since last Thursday, and then reached the resistance of 1.4620.

Here there is a long supply candle, which rebounded from the resistance and broke the uptrend line. It seems that the direction of at the nearest time will be downward, to consider in such a situation the purchase PUT options (to drop).

Negation of pro-downward bias will occur at the close on the hourly chart above the level of 1.4630.

2604-EURAUD


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