EURAUD Swing Short

The pair has made a good bearish move in the H4 chart. As of writing, the pair is traded around the level of 153.000. A bullish reversal pattern at the level may push the price towards the North. A bearish breakout may drive the price towards the South further.

The H4 chart shows that the pair may end up producing an inverse head and shoulder. The buyers may wait for the price to make a bullish breakout at the level of 1.55350 to go long in the pair.