EURAUD is Bullish
Price was in a strong downtrend, and was consistently printing lower highs and lower lows. However, bullish RSI divergence appeared on four hourly time frame and seems to be playing out now, as first higher high is printed successfully. Price would define a higher low now and move up according to Dow theory. Targets are mentioned on the chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.