This is building up for a potentially good move.
This is the Daily, but if you look at the 4h, then you can see that this is getting ready to move. Now then, will it be the EUR or the AUD that will drive it?
I suggest to set up some price alerts, so that you wouldn't miss it.
This is and idea, but you could set up alerts at:
1.56700 and 1.56250.
But don't get me wrong, these are not SELL or BUY orders, these are just alerts for you to monitor the price action. I suggest, you be the judge and determine the break out direction.
Personally me, I would like to see a move lower and a re-test of the major trend line and the end of May 2017 high at 1.52268. But because this pair can have a few hidden surprises, then keep a close eye on it.
As always, keep an eye on the price action!
This is the Daily, but if you look at the 4h, then you can see that this is getting ready to move. Now then, will it be the EUR or the AUD that will drive it?
I suggest to set up some price alerts, so that you wouldn't miss it.
This is and idea, but you could set up alerts at:
1.56700 and 1.56250.
But don't get me wrong, these are not SELL or BUY orders, these are just alerts for you to monitor the price action. I suggest, you be the judge and determine the break out direction.
Personally me, I would like to see a move lower and a re-test of the major trend line and the end of May 2017 high at 1.52268. But because this pair can have a few hidden surprises, then keep a close eye on it.
As always, keep an eye on the price action!