With the crazy ECB announcements, there might a bullish trend reversal on the pair. After a clear break of a bearish trendline, I expect EURAUD to head higher in the near future. However I am expecting a small pullback before it makings it's next big move. Trade with care.
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Comment:
EURAUD went lower then expected. However I realized I misadjusted my trendline and have slightly fixed my charts. EURAUD is still above the broken trendline and I have high hopes it will head higher
Comment:
EURAUD bounced off the 61.8% level very well. Let's see if it will break 1.49079 levels to reach higher
EURAUD bounced off the 61.8% level very well. Let's see if it will break 1.49079 levels to reach higher
