bearish trend seems to be taking place on the euraud pair and that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction. A sell signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal.
This pair can continue bearish trend, now current price at 1.5842 and strong resistent at level 1.5862 in hourly time frame. there is possible chance price will move to up side. then next low price is 1.5792
I suggest to entry SELL with stoploss at 1.5877 and take profit at 1.5792
I hope you can earn consistent profit from my signal, good luck