The EUR/AUD is in an uptrend on the D1 time frame. We would set an audible price alert at 1.6490 for a trend based entry. Confirm any buys with the The Forex Heatmap® and make sure the EUR is strong or the AUD is weak or both. This is an established uptrend and the next major resistance target is at around 1.6730. So around 240 pips of upside. It is also possible that the W1 uptrend could form from here with substantially more upside potential. So the money management ratio is excellent. The trend chart you see below is exponential moving averages that we provide to our clients. These moving averages can also be set up by individual currency to see what currency is driving the movement.
EUR/AUD D1 TIme Frame Uptrend