Holding EURAUD long into weekend
I remain long EURAUD as a way to avoid the dollar and take advantage of what I view as a bullish Euro setup versus a bearish Aussie trend. I bought on a break of highs at A$1.2711, and feel good about the trade as it breaks above previous YTD peaks of A$1.2755.
I've trailed my stop as of yesterday to below congestion support at A$1.2800.
--- Written by David Rodríguez, Quantitative Strategist for DailyFX.com
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