Yesterday I posted a falling wedge pattern which we have broken out of. Today we see channel resistance holding the pair to the upside. A breakout out of either channel can provide direction for a sustained move. As the wedge pattern broke to the upside, the bias is for an upside break
Possible double correction completed on 15M - Looking to sell retracements towards top of channel, or break of 2.0170 Lows
Possible rising wedge setup on 5m & 15m. Looking to sell breaks against 61.8 fib @1.0880
EURAUD Has shown a bearish engulfing candle at the top of it's weekly candle, 76.4 Fib retracement and psychological 1.50 level. While below, expecting price to reach bottom of channel and 2013 Weekly resistance in the 1.31 area.