QuileHills
Short

EURAUD Intersecting Resistances

FX:EURAUD   Euro Fx/Australian Dollar
158 1 12
This pair is at a decision point where the Fib 61.8% resistance is intersecting with the bearish trend resistance. It appears to be struggling to overcome this combo-resistance.

Watch for a confirmed break of the short term trend support (red line) to enter a potentially lucrative short.

Position as shown has R:R of 4.59
Further analysis confirms on 1H, divergence (brown) and bearish agreement (pink).
snapshot
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