FOREXCOM:EURAUD   Euro / Australian Dollar
We’ve seen the EUR gain strength as market cycles further extend towards the direction of their overall trend.

But also pullback to retract for further extensions in the coming week.

We’ve seen EURAUD create a double bottom at the weekly low and bound of 21 EMA of the daily.

My bias is a short term sell with a reversal to the weekly lows possibly even lower lows of 1.55889.

My analysis is based of the 4hr and daily charts .