EURAUD is Bearish

١٢ ديسمبر ٢٠٢٤

Price was in an uptrend, respecting the ascending trendline, however now it seems that bulls are exhausted as a double top along with bearish divergence has appeared on four hourly time frame. Moreover, the price also reached the projection of AB = CD pattern, and hence this could be a possible reversal zone. Targets are mentioned on the chart.