We've had some decent back and forth action recently on the EURAUD and although this type of formation typically breaks out to the side, I wouldn't be surprised to see a ppush down to 1.4700's first and even a retest of the channel lows.
Chief Currency Analyst & Head Trading Coach
http://www.TradeEmpowered.com -The Premier Online Trading Education Company
Trade Empowered on YouTube https://goo.gl/IscNch
@AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
4th Most Helpful Trader on Twitter
19th Best Trading Channel on Youtube
Learn to Trade the Markets & Join Our Trading Community