The downward trend changed to bullish on EURAUD. Another impulse in the new trend started with a bullish candle last Tuesday, which tests support at 1.4820 and yesterday was set a new high confirming bullish sentiment.
Bearing in mind the above we expect continuation of growth. Opportunities to buy can be sought after corrections. Support zone extends from the level of last high at 1.4997 up to 66% abolition of growth impulse.
As a signal, we should look for signs of ending of a potential downward correction on M30 chart to join the upswing.
The nearest key resistance is in the zone below 1.5217 up to 1.5170 and it was from this area that at the beginning of June strong sell-of started.
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