EURAUD Setup Euro/Australian DollarFX:EURAUDFm254EURAUD is currently trading around 1.7780 after rejecting the resistance zone near 1.7830 – 1.7850. Bearish scenario: Price is showing weakness after failing to hold above the resistance. If the rejection holds, we could see a continuation to the downside toward the 1.7720 – 1.7740 demand zone. If it has another retest on the current resistance, will add more sells then will be looking for buys at around 1.772