EURAUD Multi-Week Bull Run?
EURAUD appears to be uncoiling out of a longer term corrective pattern.
I'm showing the December 17, 2014 high as the beginning of an ending diagonal that terminated on April 29, 2015. If correct, this diagonal is likely to be completely retraced back to the 1.53 high.
Risk on the trade can be moved to the 1.4350 area.
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