EUR/AUD Technical Analysis

Daily

Hourly

The Set Up

EURAUD – Looking to sell a break and return to key high.

​Trend: Bullish

Key Levels: Resistance 1.6120

Price Action: Looking for fake out price action above key high and then quickly trap buyers. 
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Notes: We will consider selling short on any pockets of strength towards resistance, targeting a move back to the low at 1.5855. 
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Update:  No break below and price has drifted higher. No trade triggered and currently flat.