Beware of the Unemployment rate today.( www.forextime.com/eu...ls/economic-calendar )
EURAUD has reached its trend line resistance and today at 12:30 (UTC) there will be U.S. employment data witch lately has been good (if it would be better than expected it would push eurusd (the major) lower and audusd lower as well). So taking this and more into consideration I think that it is very risky - going long audusd at the moment, and in the short term I see some further decline to 1.4220. I don'd yet have an idea about what will happen thereafter so thats it for euraud for now.
EURAUD has reached its trend line resistance and today at 12:30 (UTC) there will be U.S. employment data witch lately has been good (if it would be better than expected it would push eurusd (the major) lower and audusd lower as well). So taking this and more into consideration I think that it is very risky - going long audusd at the moment, and in the short term I see some further decline to 1.4220. I don'd yet have an idea about what will happen thereafter so thats it for euraud for now.
