After today's inflation data we noted the subdued bullish reaction from AUD bulls and now on guard for bears to take back control. As we await post-Brexit data from Europe this week, we suspect only mediocre data from the area is required to send EURAUD higher. When we look at the currency matrix, a cursory glance reveals similarity of relative strength between the EUR and AUD currencies over multiple timframes. This is part of the reason that we are only bullish on the near-term and not looking for a miraculous recovery, as price action on EURAUD is providing large oscillations and sideways trading on higher ... (full story)