Posted by: joetradingplace | March 11, 2013

First day of the week, usually quite, watch euraud, price is at yearly open. Aussie has been dropping, but the pair seem to have trouble every time price gets to 1.0200…keep an eye on this support, if it breaks to the downside, play the pullback, if it fails to breakout, watch for a push higher…am favouring a push higher towards the 1.0300 handle. If it pushes above 1.0300, price can easily retest tha 1.0400 handle which also near the yearly open (1.03927). Also watch that price is riding the down slopping TL on 240 chart.

Aussie

aussie 11-03

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