EURAUD has made a huge recovery from the 1.4150 area. The daily candle suggests further upside move but we will only take the trade on the breakout. Inverted H&S pattern is formed and this also is in line with our expectation that the pair will make further move to the upside after the breakout.
Comment:
target of the breakout would be 1.4770
Comment:
this is no longer valid as breakout did not occur.