EUR/AUD

This cross reached our objective Friday of 150.34 and reversed.

It presently shows a potential double top on a qtrly chart.

By looking at the last months ORH pattern we know a retest to check the pattern breakout of 145.60 is possible

This is one to keep your eye on tomorrow night going into Wednesday.

Cash currency traders….tomorrow we’ll be placing an order to buy the cross @ 145.80 with a fairly tight stop.

The idea is to get filled on an overrun after the RBA minutes Tuesday night.

 

131202_065706_CQG_IC_Chart_IEURAUD_-_Euro_Australia_Index_Quarterly

131202_065624_CQG_IC_Chart_IEURAUD_-_Euro_Australia_Index_Monthly

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