EUR/AUD appears to be experiencing a bearish momentum as it breaks below the support trendline of an ascending triangle pattern. This breach suggests potential downward pressure on the pair, signaling a shift in market sentiment towards the Australian dollar against the euro. Traders may look for confirmation through increased selling volume and further downside movement before considering short positions.
EUR/AUD appears to be experiencing a bearish momentum as it breaks below the support trendline of an ascending triangle pattern. This breach suggests potential downward pressure on the pair, signaling a shift in market sentiment towards the Australian dollar against the euro. Traders may look for confirmation through increased selling volume and further downside movement before considering short positions.