Open trading account Weekly chart:
The decline from 2008 has such a huge impact on the EURAUD, that we are still trading at critical levels of the down move in 2015. The inverse Head and Shoulders has met its objective and more as the market now trades around the 38.2% of the huge 2008 decline.
Daily Chart:
Zooming into the daily chart, we see that the market has already found strong selling pressure on the 38.2% retracement mark once in Dec 2014. There are signs that the market is again facing strong selling a…