EUR/AUD:
Our expectation: Up trend, correction down to zone of support around 1.48250 - 1.47750. Price remains above both horizontal and diagonal support, with a break of diagonal resistance and test. Price is trading above both MA's. SL: 1.47700
Alternative scenario: If the price passes below the diagonal and horizontal supports, this will change our view.
Comment: Price above horizontal and diagonal supports, above both MA's, break of diagonal resistance, Pin bar at horizontal support, Fibo 23.6% of the correction.
DeM: Close to the lower band of the range but still not turned up for long move.
Trader - S. Fuchedzhiev
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