EURAUD: Sell Setup at Key Resistance Zone

Jan 27

EURAUD is testing a significant resistance zone, a level where price has historically struggled to break higher. This area represents a potential reversal point, as the market structure suggests sellers may regain control.

If the price confirms a rejection at this resistance zone, I anticipate a potential move downward toward the 1.65600 level, which represents a logical target for this setup.

If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!

Jan 27

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