EURAUD Weekly And Daily Update

FX:EURAUD   Euro / Australian Dollar
EURAUD             is trading sideways for the last few weeks which can be a corrective wave iv) within incomplete bullish run towards 1.7000 area. Ideally that's a triangle in wave (iv) so gains could continue soon, but after 1.6185 swing is broken. Only then we will expect weaker AUD again; until then we suggest to stay aside on this pair.

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