By Anton Eljwizat
A bullish movement of the EUR/AUD cross hasn’t received much support as of late. Below, I will demonstrate that the EUR/AUD pair has already commenced a downward trend for today, as a bearish cross has taken place on the Slow Stochastic. In addition, the Relative Strength Index indicates that the price of this cross currently floats in the overbought territory, signaling down pressure. Traders are strongly advised to take advantage of the trend at an early stage. Therefore, why not open short positions at an excellent price?
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