EUR/AUD Bottom Developing as EUR/JPY Holds 139.90-143.75 Range
- EURAUD may be bottoming; EURJPY rangebound.
- EURUSD turns more bullish per technical studies.
- Forex economic calendar thins out for Easter holiday weekend.
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We're headed into a long holiday weekend in Europe and North America, leaving market participants needing more liquidity for sustainable trend shifts. The three most interesting EUR-crosses right now, EURUSD (FOMC vs ECB easing speculation), EURAUD (ECB easing vs Chinese growth concerns), and EURJPY (ECB vs BoJ easing) are setting up for moves out of the holiday weekend. Watch the video for a discussion on the levels we're watching over the coming days.
--- Written by Christopher Vecchio, Currency Analyst
To contact Christopher Vecchio, e-mail email@example.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.