Nico.Muselle

EURAUD - 2 bullish bats - 1 completed

FX:EURAUD   Euro / Dollar Australia
11
A follow-up on the chart I posted last Monday. The first of the predicted bat patterns has come to a completion now.

Don't go long just yet though, we have a Draghi speech tomorrow which could have an impact on price action. I'd wait for either a good confirmation and entry signal, either a completion of the second pattern.

There might not be that much upside to the EUR with the QE kicking in next week.

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