EURAUD 4H - Prepare for short from around 1.60500

Reasons: tomorrow we have ECB rate decision, lots of volatility on EUR pairs, including this one. RSI divergence is obvious but not completed so watch for price spiking to retest the median line or most probably above - over 1.60 - and at the same time RSI to not go above 70. That would be a clear divergence! Then go to lower TF to spot a good reversal pattern. Let's not forget that on Friday we have NFP data which I am sure will be stellar, so EUR will fall against USD and so EURAUD would benefit from it, falling to pieces. That would be the ideal scenario for short but you know, market does what she wants. :)