around 1.50 level might offer a nice opportunity to short, might have an entry next week
Technical point of view:
--> HUGE S&R MONTHLY LEVEL (goes back to 2000)
--> Round Number
Fundamental:
AUD:
unemployment improved over the last few months and inflation is expected to improve (Bullish)
No more rate cut forecasted from my readings, waiting for more economic data (Neutral-Bullish)
Commodity prices still decreasing (Bearish)
EUR:
Still very bearish with QE and Greece, eventough inflation has improved
Technical point of view:
--> HUGE S&R MONTHLY LEVEL (goes back to 2000)
--> Round Number
Fundamental:
AUD:
unemployment improved over the last few months and inflation is expected to improve (Bullish)
No more rate cut forecasted from my readings, waiting for more economic data (Neutral-Bullish)
Commodity prices still decreasing (Bearish)
EUR:
Still very bearish with QE and Greece, eventough inflation has improved