EURAUD Sell Setup (Resistance Rejection + Momentum Shift)EUR/AUDOANDA:EURAUDcoolbouyJoin Team Abby for detail analysis and premium signals on whatsapp: +44 7411 532606 EURAUD has reacted sharply from a well-defined intraday resistance zone around 1.7870–1.7880, forming a clean rejection wick structure that aligns with the previous swing high. The pair failed to sustain above this level and is now showing early downside momentum, indicating that buyers are losing control. 🔹 Key Technical Factors 1. Strong Rejection from Major Intraday Resistance Price tapped the same resistance level that previously acted as a turning point. The failure to break and hold above 1.7870 signals supply outweighing demand at the top. 2. Bearish RSI Shift RSI rolled over from the overbought zone and broke below its moving average, confirming momentum divergence and a loss of buying strength. 3. Volume Drop at the Highs Volume peaked during the last push upward but immediately faded, indicating exhaustion and lack of follow-through from buyers. 4. Clean Downside Liquidity Gap A clear liquidity pocket extends toward 1.7765–1.7750, offering a logical downside target with minimal structural interference. 📉 Trade Plan – EURAUD Sell Setup Entry: Below 1.7855–1.7860 after rejection (already shown on chart) Stop-Loss: Above resistance zone at 1.7880–1.7885 Targets: TP1: 1.7765 (primary liquidity target) TP2: 1.7750 (extended target if momentum accelerates) Bias: Bearish as long as price remains below 1.7870 resistance.