Idea Origination

That pair is approaching 1.29650. Good resistance point.
If it breaks, I have no idea, someone with good fibonacci skills would have a better handle on it.

 

We are falling

 

EUR/AUD may get good support around 1.9500,
Daily chart below,

 

Bigger chart

 

Regardless, put in a limit buy at 1.9525.

 

Prolonged daily consolidation in GBP\AUD, 2.1112-2.1507, is a precursor to an imminent violent break-out.




I am thinking of the topside.

 

My opinion USD\CHF above 1.15 soon.

PS. Those interventions make CBs look silly(Swiss bank, RBNZ). Whenever a CB intervenes the currency does what it wants but shortly after it undoes this move with double power.

 

Relative variation of EURUSD
NY hr and weekday

 

====
I agree maybe this week

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2411576>

 

going to give it a try




<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2423193>