The Pair is correcting from the time it has given a failure breakout. Recently the pair is trading near the consolidation period, closing below the consolidation can lead the pair to correct near the support zone. We will wait for the pair to breakout or retrace.

If the Pair breakout on the downside with volume increasing would be a good sign to enter short. A retracement in the pair will be an opportunity to enter long in the pair or can wait for the selling opportunity.

Advice : Wait for the pair to correct till the support zone or wait for the retracement.

EUR/AUD

Feb 27 2022