Since finding a bottom at 1.3680 in late April, EURAUD has been in an uptrend that has garnered more than 2,000 pips for the bulls. Of course this move pales in comparison to the massive 9,000 pip selloff that took place between 2009 and 2012. Still, the rally off of the April low is impressive in its own right. Over the past five months the pair has carved out a well-defined trend line that extends off of the April low. We can use this level to watch for a buying opportunity on what would be a fourth retest of the level since its inception. It’s worth noting that trend line support intersects with the 1.5457 handle, ... (full story)