EURO against the AUSSIE (EURAUD) is readying it break from the major daily support 1.6300 . Price may creep or gallop (depending on market conditions) on to the 1.6100 previous daily support before finally taking off back to the neckline for the bigger move. However, traders should be cautious while trading this pair as market makers may be a candle stick away....
EURUSD just hit a major trend line . On the weekly, it could been seen as a falling wedge. Price is expected to rise from the 1.1000 area and possibly breakout on the top side.
However, traders should be careful trading around this major zone as there could be manipulations by market makers such as stop hunts.
Have a wonderful trading week