EUR/AUD Price Analysis: Bulls looking to enage
|- The bulls are seeking to engage on a break of hourly resistance.
- The daily time frame offers a structural target to the upside.
The following illustrates the market structure from a daily and hourly perspective which offers the potential for an upside impulse towards the critical structure.
Daily chart
The price is testing the bullish commitments at the 21-d sma.
1-hour chart
The 1-hour chart is below the market structure and there will only be confirmed bullish prospects on a break of the over head resistance that would be expected to act as support on a retest.
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