Today we are seeing a nice setup on EURAUD as it is approaching our major support which coincides with a Fibonacci retracement and Fibonacci extension where we are expecting a strong bounce above that level. Similarly, we are seeing a nice setup on EURGBP as it is approaching our first support which coincides with a Fibonacci retracement and Fibonacci extension. Stochastic is also seeing a bullish divergence in line with our bullish bias. Here are some of our nice calls previously: 1. GBPAUD reacted nicely off our first resistance and is well on its way to our major support target: 
2. EURAUD dropped perfectly from our first resistance and is reaching our major support target: 
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.