EUR/AUD

Wait 5 sec.

EUR/AUDEUR/AUDOANDA:EURAUDnumanmunirThe price continues to form a clear lower-high, lower-low structure, confirming a downtrend. Currently, the market is developing a bearish flag pattern, indicating a possible continuation to the downside. There’s no bullish RSI divergence, supporting the bearish bias. A Sell Stop order will be placed below the flag breakout, with Stop Loss above the most recent lower high. The Risk-to-Reward ratio will remain 1:1 for this setup. Let’s see how the price reacts after the breakout.