we have earlier analyzed this currency Pair and have already achieved the First target of our Past Analysis:
Technical Analysis: We draw the Fibonacci retracement from the high to low of the bearish cycle in monthly timeframe and defined the levels. What we think that there are two scenarios.
First: EURAUD is consolidating and accumulating above monthly 38.2% Fib retracement therefore it continues its uptrend movement 61.8% and 78% monthly Fib retracement. where we have defined the Targets and they are 1 to 3 TPS consequently.
Second: the price might fall and goes to some down swing which we have defined the targets by the Fibonacci Expansions