Trading opportunities for the currency pair: pinbar load. Price close to trend line TR2. It is expected to be broken and the pair will continue to grow up to 1.5574. Since the price is in a triangular formation, the scenario growth canceled at the close of weekly candle below 1.4399.

prehistory

The latest idea for the cross-pair euro / Aussie came out August 15th. At the time of its publication the euro traded at 1.4584. According pinbaru I saw the rebound from the trend line TA1 - 1.4988. Upon pinbar load.Course EUR / AUD rose to 1.4889. Prior to the first target price is not reached 100 points. What's next?

Fig. 1 Weekly

Price close to trend line TR2. If it is broken, then we go up to 1.5574. The internal structure is better to look at the daily chart.

Fig. 2 Daily schedule

The euro strengthened against the Australian dollar against the backdrop of falling oil prices. The pair rebounded to the resistance 1,4899-1,4908. If the resistance will be completed within three days, the trend line will not stand. All protective stops which will work above, will strengthen the nascent bullish momentum. 

Source Alpari