EUR/AUD: Possible Head and Shoulders Pattern

 | Sep 29, 2014 08:39AM ET

Currently the EUR/AUD is at 1.4561. We have a possible head and shoulders pattern in play or an attempt to break to the top. We are looking for a continuation to the resistance area and 1.4625. The average daily true range (ATR) for the pair currently is 145 pips.