EUR/AUD: Still consolidating but more gains favoured

Obviously I’m totally biased here in line with my long position and I’m talking my book! I think we are in a short-term consolidation between 1.2600/1.2750 (see chart in members) and that it will break higher soon to test levels above 1.3000.

Taking a line through EUR/JPY and AUD/JPY, this bullish break might happen quite soon.

  1. sean ,

    what are your views on gbp/usd and gbp/aud. gbp with its movement overnight is certainly looking bullish and after a long time i have seen positive close for gbp in us session

  2. what is holding the aussie from coming down? I think 1.0220 seems strong support. the targets for 1.0205 and 1.0180 are still open imho

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