Wednesday, November 16, 2011

Eur/Aud : Big support

After a decline that lasted for an impressive 2 years and a half, price has been in range for almost a year now. I believe this range will last for a little longer and eventually break to the upside. A break below the 1.3000 level will invalidate this count. At that point the triangle will probably be counted as a bearish triangle.

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