EurAud Is Heading Lower Today Consistently

I did not see much last night on the charts but it looks like EurAud has shaped up fairly nicely to meet the criteria of a possible trade. The only problem is that it shaped up during the New York and London Session which is not the time I like to trade. If you widen your stop losses(assuming you use SL) it might be something you could get away with trading during the New York Session. I rather stay out and wait for a better entry. Like I got with AudChf yesterday. Aud is staying strong so far this week. No doubt the fact that the Australian currency is tied to Gold and we are in the middle of a financial crisis is driving this.

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