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EUR/USD Returns to Weekly Highs - Is EUR/AUD Next to Follow?

EUR/USD Returns to Weekly Highs - Is EUR/AUD Next to Follow?

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- EURUSD turns positive on the week.

- EURAUD jumps through first hurdle in falling wedge.

- Contructive price action in EURAUD as key low holds.

To keep up with developments central banks and their policy changes, be sure to sign up for my distribution list.

The Euro took a spill yesterday, but all the losses have been quickly wiped out this morning. Now, the EURUSD and EURAUD are back at short-term resistance levels.

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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