EURAUD - Downward trend will continue, Short trade by market price recommended

For today's forecast, we recommend a Sell Order at this recommended market price - 1.6625. This idea is based on the following analysis:

1. According to the most brokers’ data, more than half of the traders are currently in long positions on EURAUD. As a result, we recommend considering only Short trades at this time.
2. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
3. The first target is at the level of the previous bottom - 1.653, and the second one, in case of an active price decrease, is at the level - 1.6485