The EURAUD pair is currently testing the 50% level of Fibonacci and is drawing a bearish harami at its contact. In terms of technical indicators, the RSI is currently testing its neutrality area and thus indicates a potential downward entry point. Investors may therefore shorter the pair to aim at first a return on the 1.2570. The stop-loss will be positioned above the latest highs of the markets.
Direction: Down
Entry: 1.2671
Stop-loss: 1.2750
