The EURAUD is trading at an important long term support level:
We need a range breakout before looking for a trade opportunity on either direction.
Here is my plan:
If the EURAUD breaks 1.5638 for the upside, I will look for long trade opportunities.
If the EURAUD breaks 1.5584 for the downside, I will look for short trade opportunities.
If it keeps trading in between the short term range, I will do nothing.