Price fell sharply during October amid risk aversion from global stock market correction. As a result, EURAUD 0.12% has fallen by as much as 5%. Now price is trading at one of the major . Look for a potential reversal as global market stabilizes.
Bullish Reversal: Price rejects a break from the finally . Meaning that price could fall further to the final in the chart before a true reversal occurs. Profit levels to look for are 1.6000 & 1.6300 respectively.