EURAUD Sell IdeaEUR/AUDOANDA:EURAUDCELGIB_TRADINGEuro to continue falling, in the long term we have seen Euro performed well against Aussie however from the point Euro broke down the raising trendline it signals the start of correction, and now it is expected that the Euro against Aussie to continue sliding, again the Australian inflation continue to be one of the issue persisted in the Australian economy and the RBNZ continue to work in controlling the inflation, it is high above the target range for the bank. Also Euro is expected to continue it's downfall against Aussie looking at the technical levels, you can see the first red flat line sitting below the price is the next target for the market around 1.59459, while market has bounced up for a recovery however looking at the fib levels is shows that the buyers exhausted and failed to go above 1.68508 that's 78.60% retracement level of previous bearish pressure marked from the above red flat line around 1.68484.