EUR/AUD currency pair analysis

The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The breach of the 1.4840 level will cause an ascendant wave structure to form.

Trading idea:

Buy when level 1.4840 is breached.

Stop-loss: 1.4750.

Target levels: 1.4940; 1.5150.