EUR/AUD and GBP/AUD

Mon 26th May (8.15 pm)

The EUR/AUD and GBP/AUD have both been setting up in ‘Bull Flag’ like patterns on their 4hr charts today. The EUR/AUD might be making for a bullish breakout but there is little momentum behind the moves on either pair just at the moment and, thus, I’d be a bit wary. Just pointing it out though:

EUR/AUD 4hr:

EA4

GBP/AUD:

GA4