EURAUD Failed to hold below the main rising trend as it bounced back above it after completing an ABCD wave pattern at the 61.8 retracement level for the latest bullish wave. Thats is also near the 200- days simple moving average.
The price has also failed to hold below 1.4670-1.4625 area, which was broken earlier. Meanwhile. Fisher indicator is showing bullish divergence while in oversold area.
I will be looking to long this pair on short term pullbacks. Will be publishing the trade as it materializes.