EurAud- Will it drop to 1.63 again?

21 בנוב׳ 2023

After reversing to the upside from the confluence support of the trend line started in January and the horizontal level at 1.63, EurAud touched twice 1.6850 resistance and reversed each time.
Now the pair is flirting with short-term support and a breakdown could follow
In this instance, EurAud could drop further and I have 1.63 support as a target
The pair is bearish under 1.6850 and traders should look to sell rallies in search for a good risk: reward.