Following overnight ECB meeting and yesterday's massive moves in Yen, EUR/AUD has printed fresh 8-day highs at 1.2421, on the back of Euro strength, building a “Possible double-bottom on the 4-hour chart,”
notes FXWW founder Sean Lee, what “gives a good technical entry for bulls and with metal prices falling and EZ sentiment improving, this could be a useful trade,” the analyst say.
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