EUR/AUD: Nearing short-term resistance at 1.2320
There are likely to be sellers ahead of this level with stop-losses just above. The market is very long AUD and very short EUR, so watch out for sharp short-covering rallies in EUR/AUD. I’ll put some technical analysis up in a little while but this pair is starting to show some signs of weariness after a big fall and could soon be ready to turn? I’m long GBP/AUD in anticipation, as I have trouble staying long EUR for extended periods.

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still short eur/aud till 12000..and so is gbp/aud. Believe risks still to the downside
Hi Sean, Are you still short AUD? I’m of the view that this bullish upswing is loosing momentum. Your thoughts?
Hi Harry, I’m still trading from short side and agree that upswing is losing momentum, then again I would talk my book