i see inverse head and shoulder pattern likely to form on EURAUD.
So from the RBA interest rate this morning. Unless otherwise, i expect to see EUR/AUD drop to 1.623 as it completes for the right shoulder which is at the 50% fib.level .
If this doesnt happen, then we can see a sharp move to the upside .
So from the RBA interest rate this morning. Unless otherwise, i expect to see EUR/AUD drop to 1.623 as it completes for the right shoulder which is at the 50% fib.level .
If this doesnt happen, then we can see a sharp move to the upside .