EURAUD has been trading within a range today, however the the price has just reached a key support level that has seen bullish price activity before. As this support area has held multiple times, our short-term bias for EURAUD is long with targets at the previous high. The RSI indicator on the 30m and 1hr time frame are currently in oversold conditions which add to our long bias. The stop-loss area is located just below the support zone at 1.576.