EURAUD LONG Swing Looking up to 1.66000 up to 1.7000

The EURAUD is in the push zone of the Fibonacci zone (from C to D) and has broken a resistance zone at 1.6350 twice. Even though the Stoch is moving from the SELL zone I don't believe that the AUD BEARS are strong enough to push the price down below that level and test the trend line again at some point without some type of catalyst. Therefore I would look to BUY up to the 1.6600 at profit level 1 up to 1.7000 as profit target 2. Stop should be place below 1.6350 swing low around 1.6280 area. Unless on the 2hr it retraces back towards the 1.6350 area the ratio may now align for you if you are looking at the 1.6600 area as the only target.

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Update on EURAUD Buy