I am going to show you my view for EURAUD pair. I drew a trend line on daily chart and we can see that the price right now is at the trend line. Usually the price would bounce when it hits a trend line so I am looking to buy this pair.
Looking on a lower time frame, 4 hour chart, we can see that there is a bullish divergence. It means the bearish momentum is weakening and it might change to bullish soon.
I personally prefer to buy this pair, targeting 1.604 level. I will wait and see until the end of this week.
Good luck, happy trading!
Rico Ferdinand Yapotra
Chart Disclaimer : This is not advice or recommendation to trade. It is pure educational and general information only. Do your own research before you decide to buy/sell the markets. Be aware of the risks.