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Hello traders welcome to another exciting day of Forex trading. The charts are coming back to life and some normal price action. There is data today in all three sessions of trading and that is good to keep the markets awake and moving price action. OK so let us take a look at EURAUD- This is the 30 minute chart chart. Today we have a bullish chart We have placed the Fibonacci tool on the chart and looking for a pullback to the 50% level at price 1.5984. I would now look for a bullish candle for our buy entry. We will look to take profit at resistance as marked on the chart at price level 1.6471. I do not expect this to get there in one day so we might have to hold overnight if we can get our entry.

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