Long on EURAUD
EURAUD looks quite bullish in the short term, as it looks to go up to and retest the top of the channel. The pair will be poised for a bullish run as German unemployment data and Euro-Zone Consumer Price Index Estimate data emerges in the near future. Lack of faith in the australian dollar could also move the pair upwards, at least until the 1.64-1.65 level and perhaps higher.
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