After a spike in the bull to a big bear, we can see EURAUD ranging but slowly respecting the overall uptrend, a lot of ranging occurring in the past several days but if the bull can continue and break the upper resistance line again, we could be looking at a bull continuation. Patiently waiting for this to happen before entering for a roughly 2:1 risk reward...
On this chart we can see the previous bearish trend has been beaten by the bull, a pull back to the bullish trend line has been shown but an over sell by the RSI show's we may gain a lower trend false breakthrough due to momentum from the sellers with the support being tested further. With Total Trade Balance results coming up a bull could be hiding in the sell...
With gold showing a low resistance path that could pull it back to the low's that we saw in the last week or so. With many analysts offering a much higher price in the upcoming months to years I feel the uptrend will still be respected. We can see some ranging that could show a pull back to the support around 1700, if a re-test does occur, expect a false...