Australian news data was better than expected today, so AUD currency gained against EUR. Looking 1h chart we see Stochastics in oversold territory. If we pull Fibonacchi, we can see that monthly resistance is in between 50 and 61.8% retrace. So this could be good level to short EURAUD again, if price will retrace up from current levels. One who wants to buy that pair should wait for first green hourly candle and then move down to 15m or 5m chart and look for HH and HL or 5/8 EMA cross.

There is no red AU or EU news in future 24 hours.

euraud-1h

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