EUR/AUD Head and Shoulders pattern

The EURAUD is looking to form a H&S pattern on the Daily. It has hit strong resistance at two key areas and seems to be pulling back to neck-line. If H&S succeeds I look for it to fall back to trend line and consolidate briefly, before continuing its descent towards the 1.5700 mark. snapshot
Chart PatternsChart patternsEURAUDeuraudshortTechnical AnalysisTrend Analysis

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