AUD,NZD/EUR/USD/Technical Analysis/Trade Ideas

EUR/AUD: Buy now for move to 1.28+

euraud4h     There was very nice technical support at 1.2410 which held well and this pair is starting to rally again. News that Japan will buy ESM bonds is bullish for the EUR whilst the Australian trade data was quite poor, a reasonably good fundamental reason to be long this pair in the short-term. I’ve opened a small long trade near 1.2520, let’s see what happens.

  1. I’m long there also Danny, I really like the long-term technical outlook. I’m also long EUR/CHF. I’m going to look like a real fool (again) if the EUR sentiment suddenly turns sour

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