FX:EURAUD   Euro / Australian Dollar
178 5 1
EURAUD             broke long term downtrend and at the same time bouncing off key resistance, which is now acting as key support. At least 150 pip move up is expected hitting the target area around 1.4060
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forgot to mention reversed head and shoulders there
A nice correction indeed, can go up some more. I got out of my euraud long though, still got eurnzd.
HiTech IvanLabrie
Well I was looking at eur pairs a lot of them pointing up, like eurusd, euraud, eurgbp... perhaps eur is getting stronger
I think it's profit taking from large short positions accross the board.
Anyway, we can profit from the brief uptrend.
HiTech IvanLabrie
Now I think its not the eur, but aud that will drive this pair
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