The correction pattern EA formed makes me think it will come down some. But don't overload with too much AUD. Aud pairs will move tonight is why I am looking at them. I see too possible scenarios for EA, while 3 actually. I drew that squiggly line as a possibility. It is possible EA just spikes down to low (23%) and continues upward, but it looks like it needs to come down some to me. Maybe that 38% line I am already in enough AUD and I am only looking at possibly scalping that scenario I drew up. It just counts out like it needs to break the low and looks to be making a flag which I would think will become bigger (doesn't HAVE to), but might be in the form of a news wick. It is possible that it comes down a lot, but wave and fib wise... eh...
Comment:
austrailia's numbers were not good, not that the news releases really matter. The RBA statement is 2 and half hours away. Not supposed to be changed, but I wouldn't be surprised if nothing moves too much until later. Considering the euro's bullishness in places this might not be the best pair. My achf and AU holding steady for now. I'll check on things later. Considering EG, GA is looking better for a sell, at least at the moment.