FX.co ★ EUR/AUD going down to 1.6240-1.6226: Analysis For June 26, 2020.

From the technical view at the 4-hour chart of EUR/AUD, we see the 34-EMA is now moving through the body of the Bar. This means that EUR/AUD is now trading sideways, but the CCI (14) & (CCI 50 ) have been already below the 0 level which means that the pair is losing momentum. Based on this fact, EUR/AUD is now trading in a range under the overall bearish pressure. Now this pair is trying to reach the 1.6240-1.6226 area as long as this pair does not retrace upwards and closes above 1.6420.

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