On the 4-hour chart the EUR/AUD cross currency pairs after successfully breaking above the 1.5753 level can be seen:
1. Deviation between price movement with Awesome Oscillator indicator.
2. The appearance of the first Wiseman (Bearish Divergent Bar).
Based on the two things above, in the near future EUR/AUD has the potential to be corrected down to the level of 1.5780 as the main target and the 1.5495 level as the second target, but considering that the Christmas and New Year holidays are approaching there is a possibility that volatility in the market will decrease so that if it is on its way heading towards the targets mentioned earlier, suddenly EUR/AUD reverses upwards and goes back up past the 1.5983 level, the downside scenario described earlier will become invalid and cancel itself.
(Disclaimer)
