EURAUD Chart Technical Outlook

EURAUD Chart Technical Outlook reverses close to the swing high, building the Bat
Stock indices are close to medium-term support levels. This is resulting in the Australian Dollar moving higher this morning.
Sellers have returned in EUR/AUD, close to the previous swing low of 1.6845. This could be assessed as the start of the CD leg within a Bat formation. The completion of the pattern is located at 1.6380. A breach of 1.6845 negates this outlook.

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