EURAUD Back To Test The VI!

Good evening ladies and gentlemen

I hope you all had a productive day in the market. So let's get straight to the EURAUD and see how she has behaved today.

Below I have the 1 Hour chart and we can see that price has done a fair bit of retracing today, which as SM should know that this is normal behaviour as price is maybe still regulating itself after the impact of NFP. Price has climbed back up to the VI and has produced an interesting candlestick formation. Even though price has broken above the RN and through the R Line, we have to remember that Trading is not an exact Science and we could be seeing a FBO before further move southwards. We still have the false signal on the daily on Stochastics which looks promising.

Let's wait and see what happens tomorrow.

(Still having problems uploading images - check you own hour chart and see if you can find the candlestick formation I mentioned above!)

I will leave you with this thought which is dedicated to two very special people "When someone you love becomes a memory, the memory becomes a treasure." My thoughts are with you.

Total Abundance is your Birth Right

Zaheer Anwari