EURAUD Chart 3

EURAUD - Potential Cup & Handle For Explosive Breakout To The Up

EURAUD - POTENTIAL CUP & HANDLE FOR EXPLOSIVE BREAKOUT TO THE UP by DanV on TradingView.com

18 January 2013

Updates and comments

Have you missed out on the YEN pairs rally? Have no fear, you can have similar opportunity in EURAUD. At the moment AUDUSD is looking weak. In contrast EURUSD is looking strong. So I expect that during the coming weak or 2 will mark this pair's current coiling pattern that resemble Cup & Handle is likely to break to the upside and once the near term overhead resistance it taken out the interim Target will be 1.40 and over longer term much higher. These kind of move can only be fully capitalised buy relatively small position and riding it all the way or some similar money management method for longer term directional play. So will you join me for a cuppa? Your helpful comments are welcomed.

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