EUR/AUD Price Analysis: Bulls looking to enage

• The bulls are seeking to engage on a break of hourly resistance.
• The daily time frame offers a structural target to the upside. 

The following illustrates the market structure from a daily and hourly perspective which offers the potential for an upside impulse towards the critical structure. 

Daily chart

The price is testing the bullish commitments at the 21-d sma. 

1-hour chart

The 1-hour chart is below the market structure and there will only be confirmed bullish prospects on a break of the over head resistance that would be expected to act as support on a retest.