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Forex Tips: EUR/AUD
Wednesday, July 7, 2010 posted by admin
Sell EUR/AUD – SL@1.5020, TP1@1.4745, TP2@ 1.4620, TP3@1.4556
The pair has been moving up rapidly in the past week, coming to a stop around 1.5000 levels forming a reversal pattern on the 1 hour chart. The pair is forming lower highs and lower lows for the last days, and it looks like a “head and shoulders” pattern is forming. Judging from previous reverses on the daily chart, there is a big potential for a drop down again. All analysis is based on the daily and the 1 hour charts. For Questions comments and further information call us at + 357.220.226.68. Last: 1.4850
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