Keep selling that EUR/AUD
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.