EURAUD has posted a strong rally over the week, flying from 1.5081 to a five-month high of 1.5605 (+3.50%) on early Wednesday. However, the pair paused its steep uptrend soon after as the market became overbought, retracing the 23.6% Fibonacci level of the aforementioned upleg at 1.5480. The short-term bias in the four-hour chart remains bullish given that EURAUD is […]