EURAUD is BULLISH.

EURAUD to go higher?
This might be an early call. However the signs that this pair is going higher are:

• It seems that there is a double bottom at support.
  

• Double bottom also shown a bullish divergence from indicator.
  

• Potentially the pair is in the process of creating an inverted head and shoulder. Not the usual straight forward inverted head and shoulder but it is a bullish sign nonetheless.
  

• Price created a key reversal yesterday and possible will continue higher.
  

• A bit of pullback from yesterday provides a good entry possibly for the pair to move towards 1.63.
  

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Trade geschlossen: Ziel wurde erreicht:

TP hit. Stand aside for now.