adriel.arrasmith
Long

Buy EURAUD Targeting 1.478

FX:EURAUD   Euro Fx/Australian Dollar
Recently, the EURAUD             held a huge level at 1.41 putting in a pin bar . We are also currently diverging on the daily time frame and holding this recent downtrend channel . We also just completed a C leg of a potential bat pattern that completes around 1.478, where we have a trendline and also the 200 ema . The AUDUSD             is clearing out multiple levels of support and we also have the GBPAUD             running up nicely, but the correlated EURAUD             is running behind. A stop at 1.426 should be sufficient and targets 1.478.
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