EURAUD: Following the bullish daily reversal at the trend low two sessions ago, the pair has formed a good short term basing pattern on the intraday charts. The rally from the low was in 5 waves and has been followed by an ABC correction down to the 76.4% Fibonacci retracement of the rally from the low. A breach of the resistance level at 1.86 would be a bullish development potentially opening the way for 1.90.
EURAUD – Beginning to look bullish
Linear Mode
