Fundamentally the AUD would appreciate against the EUR due to trade deal almost being sorted out and EURZONE growth deteriorating further. But it remains to be seen what happens. Currently i am already LONG on AUDUSD (have a look at the attached link below)
Therefore i can not take this pair SHORT OR LONG as the active trade of AUDUSD has slight strong correlation with EURAUD . Always manage your risks well. If you prefer to trade this pair please do so at your own risk but its suggested to trade once the triangle has been breached.
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