We have been following the EUR/AUD with a bullish outlook since it found support at a consolidation range. The latest price action was a bullish continuation swing after a session of consolidating around the middle of the range. EUR/AUD 4H Chart 12/22(click to enlarge)From Range Support to Resistance:- As we can see on the 4H chart, EUR/AUD rallied from a range support area around 1.41 up to a range resistance area around 1.45. - We considered 2 tactics:1) Scaling out into a smaller position in the middle of the range, where EUR/AUD ended up stalling for a session.2) Moving up the stop to just under 1.4290 after this area became a clear pivot. The trading idea now would be to... 3) exit or scale out significantly at resistance.Heavy Resistance, Assessing Scenario:- As price pushes into the 1.45-1.4560 area, traders will see that EUR/AUD is at a critical resistance.- It is both a consolidation range support, and a falling trendline, seen more clearly on the daily chart. - Now a break above 1.4560 would open up the 1.48 area. Even the 1.50 area would be a viable breakout target. - In this scenario, we have to consider EUR/GBP a neutral market, not bullish nor bearish. This means a trend that lasts more than a month should be considered mature (This has been the case in 2016, choppy but with a bearish bias). A break above 1.4560 might clear this bearish bias .EUR/AUD Daily Chart 12/22(click to enlarge)