EURAUD is in a massive corrective structure and has come to the bottom trend line and bounced. The most recent down move took a very difficult path down, indicating that the next wave up is likely to be IMPULSIVE, very much like the prior wave up. My long term bias is but I will not look beyond the structure until it breaks out. Every once in a while the market provides us an opportunity with very little risk and huge reward potential. I am already in this trade from the bottom when the market bounced and will try to capture as much of this move up as I can.