RETRACEMENT OF LONG DOWNTREND TOWARDS THE 50 OF THE FIBS. MARKET HAS BEGUN TO FALL AND HAS ALSO BROKEN AN UPTREND (RED LINE). POSSIBLE SHORT TOWARDS 4 HOUR SUPPORT (0.76100)
Black trend line drawn from daily chart. EUR/AUD could extend to that level and then go bullish towards daily resistance of 1.42000. If we see a break of this trend line then long opportunity no longer valid.