The pair is very much still in consolidation and the false break I mentioned in a previous post on this pair did not attract bulls or bears, thus far. These past 5 months the pair has been ranging between 1.440 and 1.5227. The pair closed a few pips below 1.5230 resistance on Friday and with a shooting star at the resistance zone on the Weekly chart 2 weeks ago, but I did not like the fact that it was formed in a consolidation zone. I’m standing aside until I see how price reacts to 1.5230.

EURAUD - in consolidation 13 Nov

Source: Maryna

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