EUR/AUD: Looking for selling opportunities
I’m not overly sure of my levels just yet as I haven’t been trading this pair very actively. The EUR remains friendless and is likely to stay that way whilst I believe the bearish case against the AUD has been overdone. I will stay patient and see how the short-term market develops but I’m in rally selling mode and think and re-test of 1.37 at least in coming weeks is very plausible. Perhaps a short-term consolidation between 1.43/1.46 before more downside?