Notes on chart. This week's fundamentals will likely give some direction to EURAUD. My bias is for this H&S to be formed to short this pair but if the secondary trend line holds and price breaks above 1.566 zone, all bets (on shorts) are off.
If the Ukraine/Russia issue escalates even more (i.e: international intervention) then Euro should grow weaker compared to the Aussie.
If the Ukraine/Russia issue escalates even more (i.e: international intervention) then Euro should grow weaker compared to the Aussie.