EURAUD long view

On the daily time frame, we see that the pair, after finding support and a smaller pullback to 1.56000, now stopped and started to lose power consolidating now to 1.55000-1.55300. Moving averages of MA20 and EMA20 are on the bullish side for now with the current MA50 titration. If the pair manages to consolidate, we look towards the previous high at 1.56800, looking towards the 1.58000-1.60000 zone.