What I Expect For The Euro and Aud This Week

Another interesting week this week for the Euro and Aud. For the Euro i expect a ranges bound play again this week however with a possible high of 1.25 and a low of 1.2280. If however 1.2280 breaks and then 1.2250 breaks also then expect the Euro to fall to at least 1.22.

As for the Australian, i am currently looking for a bullish pin bar to buy up to 1.06 or for a more bearish confirmation by aud breaking below 1.0380 area expecting then a further fall to 1.0250.

Aud – 20th of August 2012

aud 20th of august

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Euro – 20th of August 2012

euro 20th of august 2012

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Timon Weller is the professional Writer and Trader behind the blog Forex Reviews. Timon Weller is also a professional Teacher of Price Action Trading and creator of the popular Training Series teaching people how to trade Price Action effectively called The Engulfing Trader. For other Forex Training available here at Forex Reviews click here.

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