EUR/AUD is working up towards a high probability bullish trade setup. Bulls will want to see a break to the upside through the 4-hour 21-moving average.
EUR/AUD has corrected a daily bullish impulse in a decelerating decline which gives rise to prospects of an upside continuation.
From a 4-hour perspective, bulls may want to wait for the price to break higher and enter on a pullback from the newly formed support structure.
MACD confirms that the price is in a bullish environment, but it is still below the 21 moving average.