EURAUD: Huge Resistance Ahead! Important Warning

good morning traders,

be very careful with trading EURAUD this week.

executing a structure analysis on a daily t.f we can easily identify with you a large area of resistance
based on different daily candle rejections and candle closes.

though currently, it looks like the market is retracing from the underlined area,
I believe that this retracement will be limited and bulls may go deeper into the gray before a significant drop downwards.

no matter how you will trade the underlined resistance,
remember that it is highly recommended to protect your position with stop above the 1.679