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Forex Strategy: Holding Short Euro, Aussie vs US Dollar

Forex Strategy: Holding Short Euro, Aussie vs US Dollar

Ilya Spivak, Head Strategist, APAC

I entered short EURUSD at 1.2982 and continue to hold the position, aiming for a revised downside target at 1.2619. Meanwhile, the Australian Dollar cleared support and I entered short AUDUSD at 1.0381.

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See the latest on EURUSD and AUDUSD positioning by clicking on "View Outlook" here: http://www.dailyfx.com/technical_analysis

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