SELL EURAUD – 1.67286

The EUR/AUD pair broke above a key Asian session resistance only to reverse sharply, forming an Asian false break. On the London open the price hit the market structure swing and reversed, confirming a bearish reversal pattern. The H4 chart shows a 45% bearish bias and the higher‑timeframe view is also bearish, while the on‑balance volume indicator diverges, indicating selling pressure despite a neutral institutional stance. Volume is elevated, reinforcing the move. Although the ECB’s extension of the euro liquidity backstop could be supportive of the euro, broader risk‑off dynamics and a resilient Australian dollar limit euro gains, making the EUR/AUD outlook bearish. These combined technical and fundamental factors justify a short entry at 1.67286 with tight structure‑based stop and staged profit targets.