SELL EURAUD – 1.67591

Technically the pair formed an equal‑high‑low sweep on the 4‑hour chart that filled a recent gap, signalling a sell‑off momentum; the pattern aligns with a broader multi‑timeframe bearish bias (H4 60% bearish, MTF bearish) and is confirmed by high volume activity, although OBV shows a conflict that adds caution. The stop‑loss is placed at the recent structural high, preserving risk. Fundamentally, eurozone industrial production contracted and the EUR/USD remains range‑bound with no bullish catalyst, whereas the Australian dollar is poised for potential support from the RBA’s upcoming minutes and recent modest recovery, tilting the EURAUD bias bearish. The convergence of a high‑quality technical setup and adverse eurozone data versus a relatively stable AUD underpins a high‑confidence short trade.