We managed to see that EURAUD is slowly building up bullish strength after testing 161.8% fib level as well as the support level at 1.5900 price level. As of now, I am expecting a breakout from the trend resistance line (dotted line) followed buy a movement to the supple zone (red area). This is an important level for us as a breakout of this supply zone will show a potential movement towards the 61.8% fib level (also movement towards the ichi cloud). For now, I will be in a long position for this pair.
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Comment:
Made a typo for the header...my bad