EUR/AUD broke the pattern

26 Jan

The EURAUD has broken through the neckline from the inverse head and shoulders pattern that begin in February 2012. Long term objectives don’t begin until the March 2011 high at 14343. Bulls must contend with the 2012 high at 13030 before then of course.

Looking to buy weakness from the current level down to 12800. Bullish risk is 12617.

Click to enlarge.

eur aud 26.01.2013

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