Today I was thinking of the pair which reflects the strength of the Dollar and (rising Oil drags Copper and others) and I came to EURAUD chart. ( BTW EURCAD idea already paid well)
EURUSD is in downtrend still and DXY is going to reverse higher.
AUDUSD still up on rising Copper .
So even fundamentally the EURAUD is huge negative.
Look at the chart - at the end of 2009 the price already broke below 10-year long support!
Then we saw IDEAL pullback!
Now we gonna break 4-year support! Nice opportunity!