The EURAUD has rallied the first 3 days of the week, having hit a key support level circa 1.4300 last week. On the H4, price has shown signs of strength having pushed beyond 1.4590. The current H4 candle may well close as a bullish engulfing, having found interim support at the 50% fib level if that occurs, there's a good chance that price may hit 1.4700 in the coming sessions