#EURAUD unable to hold 1.36

FX:EURAUD   Euro / Australian Dollar
The inv. Head and Shoulder pattern plays well along with the rising channel which is very well defined. Last week PA managed to reach 1.47 but couldn't hold the 1.46. Expect more pressure towards 1.46 as Aussi net shorts increased last week to 30271 CFDs compared to 26486 the previous week.
Is this going to be the final break of channel or not? If the channel holds a very nice long into new highs.
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