EURAUD is approaching a significant resistance area that has before reversed bullish trends. The current upward move into this zone suggests potential selling opportunities if rejection signals appear, such as bearish engulfing candles or upper wicks.I find that a move toward 1.65180 is likely.
A break above this resistance, however, could indicate a shift in market sentiment.
Just my take on support and resistance zones—not financial advice.
Always confirm your setups and trade with solid risk management.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.