EURAUD - Intraday - We look to Sell at 1.6060 (stop at 1.6100)
Broken out of the Head and Shoulders formation to the downside. Ichimoku cloud support comes in at 1.5975. The formation has a measured move target of 1.5600. There is no clear indication that the downward move is coming to an end. Risk/Reward would be poor to call a sell from current levels. Bespoke resistance is located at 1.6060.
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