EUR/AUD

DAILY CHART ANALYSIS

The daily high held and respected the trend line setting up for two possible sell positions

• The first count has a possible sell to the first support structure at level 1.49373 to buy back up to retest the "DAILY" highs at level 1.55183.
• The alternative count: if the possible support structure is broken, then it may be looking to sell to lower support trend line at 1.4656 level to retest the structure level of 1.49373 to sell to the second support structure of 1.41387.

4HR CHART ANALYSIS

With the 4hr's forming a "HEAD&SHOULDERS", there's a possible buy up to the trend line at level 1.5492 for a sell down to test first level at 1.49373.