Instrument: EURAUD
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 1.64910 with take profit at 1.65059.
Bearish Preference:
A sell position is envisaged if the price trades below 1.64309 with take profit at 1.64091
Fundamentals:
2:30 am AUD CPI y/y
All Day EUR German Prelim CPI m/m
Comment:
AUD showed higher inflation with its data realeased at the early hours of this morning. The economic calendar in Europe is also dominated by national CPI releases from a number of major European countries ahead of Thursday’s flash eurozone inflation number.
Analysis: SCRUM Team