EURAUD Breaks South!

Good evening ladies and gentlemen

I hope you all had a wonderful weekend and managed to enjoy some of the sunshine we had on offer here in London and the UK (and also where ever you may be)! Welcome back Rich! Hope you had a grand holiday!

On my last update, price was oscillating between the S and R Lines. However, with NFP out on Friday price dropped quite steeply straight out of the zone. It then retested the S turned R Line before moving further movement south. So as we stand, we seem to have the edge in the favour. We have the trend as our friend, we have broken out of the zone and below the RN, Stochastics is now showing a false signal on the 1 hour and 4 hour charts, compared to last week which was matching the sideways movement, and we still have Stochastics showing us a false signal on the daily. But what the market will do next, we can only wait and see!

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Please do your own analysis.

I will leave you with this thought "Your rhythm is your truth and it shall set you free!"

Total Abundance is your Birth Right

Zaheer Anwari