Hello Traders, welcome to the Daily Forex technical analysis
. Today is April 17th, 2019 and we will be taking a look at the Euro
against the Australian Dollar
. Looking at the 4 hour time frame, looking at the overall structure price action keeps confronting the 1.57326 area as resistance and were looking for a break to the downside. So ultimately what were looking for is a break of the marked area 1.57111 as we see stops get trigger and potentially get a nice move to the downside. With multiple rejections at this area were looking to go Short near the 1.57118 area, with a Stop Loss near the 1.57846 region, to ensure a profitable trade with a 1.88 to 1 R/R. We are so humbled to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!