Keep selling that EUR/AUD

Author: Adam Button | Category: News

After one day of gains, EUR/AUD plunged once again Wednesday. That’s 9 declines in 10 sessions. Indicators are oversold but they can stay oversold.

A break above 1.24 looks probable in the upcoming session, that would set up a run to 1.2420, which is a great spot to sell. The main risks are the Italian/French bond auctions later in the week.

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