EUR/AUD Analysis, Chart, and Trading Idea

Analytics for EUR/AUD Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
 

The trend is descending. The formation of the ascending truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator. The pair is traded in the range between 365 and 135 ЕМА.
 

Trading idea:

Sell at the breach of 1.5552

Stop Loss: 1.5626

Target price levels: 1.5480; 1.5400