EUR/AUD TECHNICAL ANALYSIS
EURAUD – Looking to sell Into strength whilst 1.6250 resistance continues to contain prices lower.
Key Levels: Resistance 1.6250
Price Action: Inside Bar forms at 1.6250 resistance. Market structure breaks on the lower time frames.
Notes: We will consider selling short on any pockets of strength towards resistance, targeting a move back to the low at 1.600 and then potentially lower.
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Technical based trader sharing my thoughts