nelsyboy

STILL LONG EUR/AUD

Long
FX:EURAUD   Euro / Australian Dollar
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2
Whilst I am still long on this deal, this time frame shows we are in the middle of a descending triangle pattern which is of course Bearish . This current low is only the second real test of support so we should ideally see one more bounce off of this at least. Current rythmn suggests movement early next week to the upside. It will be very interesting to see if this plays out.