EurAud weekly outlook...10th-14th February 2014

A pin bar was formed at a strong support region (1.5055) and I opened a buy order. I was making 95 pips before the close of market last week

I expect this market at 1.5450 this week or early next week
If the market reverses downward and breaks the 1.5055 support then we'll be looking at 1.4540.

This pair has been bullish since November 2013.
I will keep you updated as the market unfolds itself in the coming trading days.