EURAUD is still in control of the bears but we look to be heading close to a possible break out with the trend finally decided. Downtrend will be in danger if a new high above 1.50295 is created.
First confirmation, failure to close above (or open above next week) the weekly falling
Second confirmation, wait for 1.40496 to be cleared with a break of
Sell on bounce from 1.38006 with stops at 1.43583
Nice to have: A pattern forming.