EUR/AUD Accelerates Downtrend in Falling Channel

Downtrend: EUR/AUD has been in a downtrend since the beginning of February.and has formed a falling channel. This week, the pair broke below 1.25, and after testing it as resistance fell further to new lows, accelerating during the 3/21 session. The 4H RSI shows a persistent bearish momentum as the…

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EUR/AUD Accelerates Downtrend in Falling Channel

EUR/AUD Accelerates Downtrend in Falling Channel

Downtrend: EUR/AUD has been in a downtrend since the beginning of February.and has formed a falling channel. This week, the pair broke below 1.25, and after testing it as resistance fell further to new lows, accelerating during the 3/21 session. The 4H RSI shows a persistent bearish momentum as the…

Read the original here: 
EUR/AUD Accelerates Downtrend in Falling Channel