**Entry Price:** 1.65613
**Take Profit Level:** 1.63942
**Stop Loss:** 1.66003
**Analysis Summary:**
The EUR/AUD pair shows a trading opportunity on the 1-hour timeframe. The entry is set at 1.65613, with a take profit level at 1.63942, which offers a favorable risk-reward ratio. The stop loss is placed at 1.66003 to limit potential losses. This setup reflects a bearish outlook in the short term, suggesting a downward price movement is anticipated.
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Please ensure to manage your risk appropriately and consider market conditions before entering any trade.