EUR/AUD broke 1.4600!

eur-aud 08.01.

Euro falling sharply despite Aussie and already lost more then 70% of November 24. –> December 17. gain. 1.4600 is important level for this pair and daily close bellow could become a strong resistance level again. If you look carefully this chart, you can see possible H&S formation, but with such a bearish euro everything is possible, even 1.3800 as well. 1.4200 will be the first serious test for the bulls, if there is euro bulls on the market at all?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s