Reason for the trading strategy (technically):
Price is testing major resistance at 1.4810 ( , , resistance) and we expect a drop from this level to at least 1.4693 support ( , horizontal swing low support).
(34,5,3) is seeing major resistance below the 97% level where we expect a drop from.
Correlation analysis: We’re expecting overall EUR weakness today as seen in EURUSD move. We’re also expecting AUD strength today as seen in AUDUSD move. This combines well for a EURAUD move.