EUR/AUD, 1100 pips in 3 steps!

EUR-AUD 19.12.

I was pointed at this potential developmlent in my EUR/AUD analysis from November 26., two days after triple bottom at ‘step 2’. This is why I love technical analysis, everything was clear if you have enough patience. EUR/AUD reached 1.5300 or 1100 pips in a month. USD/AUD fall help this pair to reach this level, because euro alone wasn’t strong enough, but who cares. Here we are today, the pair reached 1.5300 high and slide back in the last two days at 1.5000, previous weekly resistance/suport levels from August 2013.–> January/April 2014.

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