Looks like this pair found some support at last at 1.5200.

euraud-d

When pulling Fibonacci on last weeks bearish outside weekly candle, I see some confluence to look for short signal at 50% retrace, where is also round number 1.5500 and then a bit higher at 78.6% retrace where we have intersection with trend line. So let’s be patient and wait if price will come there and then move down to 4h and 1h chart to search for reversal signal.

In Australia, there is CPI q/q news ahead of us, in EU we don’t have major red news in future 24 hours.

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