Steve's Weekly Trade: Short EurAud
The Euraud has broken a trendline that has been in play since July 2012. I waited until this morning to place the trade to get the Australian rate decision out of the way. As always I have placed two trades, the first with a target of 100 pips the second with an open target. The trades will close if the weekly chart closes above the pitchfork.
Existing weekly trade NZDUSD from August 1st is still active showing +130 pips
Existing weekly trade NZDUSD from August 1st is still active showing +130 pips
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