We see euraud ranging between 1.4655 - 1,4775 I see 2 clear Action Points - the edges of the box - here are breakout-Szenarios thinkable. The risk loving anticyclical Investor could open a shortposition at the actual Level. All 3 positions are drawed into the Chart. I for my own would prefer the Breakout @ the upside, cause i see a flag (but flags don`t work good against the trend !!) It`s just my view -trade your own view :-)