After some jitters yesterday, EUR remains the strongest major currency for the week as seen in W heatmap. Strength is apparent against USD, GBP and AUD. Meanwhile, JPY is trading as the weakest, followed closely by USD, CHF and AUD.
Looking at EURAUD action bias table, the biases are consistent across time frame.
And EURAUD is seen as in up trend in 6H, D and W charts. So, the current H neutral could present an opportunity to long EUR/AUD.
An intraday strategy could be buying at PP at 1.6120 with a stop below S1 at 1.6081.
