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If SPX up then USD index is down and EUR index is up, but also AUD index is up = this happens at VIX going down
IF we get VIX up, DXY up, EUR and AUD will go down. but AUD will be going down faster , so EURAUD will be heading north while EURUSD EURJPY heading south.
EURAUD, risky to buy now, especially after Trump accepted Biden, so Political stability followed by Congress approve huge stimulate package both will drive the VIX down to 10 and SPX to all times high, AUD NZD CAD will be in big demand while GOLD CHF JPY being sold off.
So, better to trade is safe EURAUD may continue down 300 pips easy, and this is accepted.
But watch out, end year may trigger profit taken, if this happens, AUD will be very weak, and EURAUD will rise sharply.
IF U stuck in EURAUD u can hedge it with EURNZD very correlated to each other. Best luck bro, hope this helps
P.S. No I don't use SL, I know, I know if I can manage to save this account then lesson learned for the future.