Jeff_Wheelwright
Short

EURAUD short if it doesn't break out the channel, then buy back

FX:EURAUD   Euro / Australian Dollar
30 0 4
This rising channel line is in play since mid-March. Next week I expect small correction of EUR rally first, i.e. to 1.125 ( EURUSD             ), so you can short EURAUD             if the price doesn't break out the channel immediately. It can fall to 1.53 or 1.52 depending on AUD behaviour. Be careful - this is a fast-mover, and AUD has room to 0.717 to fall.
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