EUR/AUD is in a well defined trading range
EUR/AUD could be primed for a breakout to the upside OR a False break before a finale move down below support 1.6 to form a spring.
I tend to favour the latter optoin but the long side for a breakout is tempting - tight stops though.
I tend to favour the latter optoin but the long side for a breakout is tempting - tight stops though.
Comment:
alert set for 1.66
Comment:
the false breakout on the 21 indicates the possible wave 4 top the trend is down to new lows
look to buy Sign of strength though 1.6 after spring action
look to buy Sign of strength though 1.6 after spring action