Expecting EURAUD to continue moving up until it hits resistance @1.4300 at the top of the long term descending channel, then continue back down to support @1.3700. Another possible support level is 1.3800, but I believe it's less likely that the pair will stop there.
Interesting side note: the pair completed an inverted head & shoulders on the 4H before bouncing off support earlier this month.
Interesting side note: the pair completed an inverted head & shoulders on the 4H before bouncing off support earlier this month.