The pair has rejoind the uptrend after a false break yesterday.
The market is retesting the trend line and I expect it to bounce from here.
Happy Trading!
My analysis is based on elliott wave.
EURAUD seems to be completed wave 4 with 38.2% retracement.
I'm expecting the market to fall and begin wave 5.
The bearish channel gives us extra confirmation.
Our target is the lower boundary of the channel.
Happy Trading!