The EURAUD is in a descending trend channel but i think it will break upwards.
Some news from the EU and Australia strengthen my point.
Euro Area annual inflation was lower than previous month.
The Euro Area GDP Growth revised upwards and EU-zone estimate a trade surplus compared to previous period.
On the other side Australia's unemployment rate edges higher and inflation slowed to 2.3 percent.
My entry-point is between 1.43 and 1.42.
T1 1.47
T2 1.50
Some news from the EU and Australia strengthen my point.
Euro Area annual inflation was lower than previous month.
The Euro Area GDP Growth revised upwards and EU-zone estimate a trade surplus compared to previous period.
On the other side Australia's unemployment rate edges higher and inflation slowed to 2.3 percent.
My entry-point is between 1.43 and 1.42.
T1 1.47
T2 1.50
