DislikedI don't normally play this pair, but if I did it would be 50 pips higher. Now I've said that it will probably hit the EMA50 and reverse back.
I don't know what Dan would do, but that is what I would consider a play. I think the JPY/USD and AUD/USD could be EXCELLENT plays in the near future.
Best,
Knight RiderIgnored
Re Eur/Aud, I agree 1.5 is a "point of interest" (as Dan would say) due to confluence of factors (50% fib, round number and internal trendline). I do agree with KR that PA could "pull" above this initially if TL acts as a draw...just depends how quickly/slowly price moves to get there. We shall see. My chart/analysis below. Cheers mitch