Last week I predicted the downfall of EURAUD and it indeed dropped 300+ pips. Now price is nearing long term support again where we could see another swing up worth over 300 pips. Other confluences that further confirm my bias for buys is that this pair is in a bullish trend along with price being confined in a bullish channel on the weekly timeframe, where our support zone also meets with the ascending trendline to further show that there is a high probability of a move up.