FX:EURAUD   Euro / Australian Dollar
And so, the formed "head and shoulders" pattern most likely would push the price up to the first resistance. Having consolidated in the area of 1.61225 - 1.61885, it gives good chances for a rise to the second and third resistances.

Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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.