Reason Behind the Sell
1. Double the Time Bearish Engulfing In Day Candle
2. Obey the Parallel Downtrend Line
Overall Possible Outcomes
EURAUD SELL 1.6389
SL 1.6470
TP 1.6170
EURAUD has Formed strong bearish pin bar and taken resistance from trend line too. Entry can be taken after a small correction which price can take from 200 EMA.Overall Trend is down so more downside can be seen this week in this pair.
