Weekly technical analysis of eur-AUD

The EURUSD pair surged upwards, bumped into the upper side of the ascending channel, and was unable to close above it yet. We have to wait for the daily closing today 9/3-2020 and then go short with an appropriate stop loss

The final target is the buying area 1.6685 - 1.6610 It is possible to buy from this area because it constitutes a previous broken resistance and has not been tested yet, and we expect prices to return to the test and then rise again, and this supports the main bullish channel on the daily chart shown in the chart.

Generally speaking, prices are down so far, as long as they are below the upper side of the channel and not closing above it