$EURAUD-breakout?

Currently we are at 1.2760  and the C part of an A-B-Cshould get underway after NFP  .  A couple of differentscenarios.  1:  a bounce @ 1.2750  for a double top @1.2850.  2: A break of the uptrend line would trigger shorts to at leastthe .214 Fibo support @ 1.2626. The average daily true range (ATR) for the paircurrently is 103 pips.

Posted to Introduction to Forex Targe… on May 03, 2013 — 9:05 AM
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