EURAUD - Watching the Neckline for a DropEuro / Australian DollarFOREXCOM:EURAUDTaneeshaEURAUD -Watching the Neckline for a Drop I’m tracking EURAUD as it pulls back into the neckline area. Based on the Euro futures, EUR is showing clear weakness compared to AUD, which puts us in favor of a downside continuation. If price respects this neckline and the futures keep confirming EUR weakness, we should see a clean drop from EURAUD. I’ll keep watching how price reacts at this level if we get rejection, the move should unfold smoothly.