Looking at the risk aversion market, Aussie bearish run doesn't seem to have an end now at least till this week. The main concern for all the countries around globe is poor Manufacturing PMI and the only exclusion is Europe which posted matching Manufacturing PMI with forecast. Hence it is better to bet on Euro and deny on Aussie in current situation. In line with that, please find the daily chart analysis of EURAUD,
Euro is clearly running very high over Aussie and more bullish run seems to be in the store.
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