justatrader

EURAUD - Watching for the fundamentals

FX:EURAUD   Euro Fx/Australian Dollar
313 1 5
Notes on chart. This week's fundamentals will likely give some direction to EURAUD             . My bias is for this H&S to be formed to short this pair but if the secondary trend line holds and price breaks above 1.566 zone, all bets (on shorts) are off.

If the Ukraine/Russia issue escalates even more (i.e: international intervention) then Euro             should grow weaker compared to the Aussie.
Pretty good prediction imo, just published a current idea thats agreeing with this one.
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