EUR/AUD Currency Technical Analysis

EURAUD Currency pair on a monthly Time Frame is very obvious in a state to expect a breakout. This is the very time not to rush into taking a position until the is there is a…… Mind you we can see a fake out as well. Therefore until a real breakout and a possible retest I will just be a spectator from a distance.

On a Weekly Time Frame, we can obviously see that we are in an uptrend and currently at a resistance state. Expectation at the moment will be for the big guys to be decisive, I will just let the institutions to fill up that remaining space, fold my hands. But whoever wants to take a risk can go on but at his/her peril.

Going down to the Daily Time Frame, there are still some holes that should be filled. There is still a trading opportunity on this Time Frame. However it is a risky one. Any time we should expect a fake out. The best thing is to avoid rushing into taking a position. Watching from a distance is the best thing to do.

Four Hour Time Frame is still in agreement with the monthly, weekly and Daily. As I said in the Monthly Technical Analysis it is best to wait for a breakout. Mind you the fundamental analysis can make a fake out. waiting for a clear breakout is the best thing to do.

Note: Trading is very risky and it is best to only trade with money you can afford to lose
This is not a Financial Advice, this is just my personal Analysis