EURAUD Bullish Case

EURAUD has broken previous high's of 18-Sep of 1.2552. The bullish candle on daily chart looks big. 
On a bigger picture, pair has broken the descending trendline as well, which has capped price since Oct-2011. Now this trendline should provide support on any pullback's



Currently price is hitting the previous resistance area. If this resistance gives up, next resistance come around 1.30.

EURAUD Daily