EURAUD Trend & Momentum 20-Nov-2014

EURAUD has steeply gone up since beginning of this week, and it has reached above the peak for last two weeks.

The latest trend & momentum indicates EURAUD is turning into downward trend gradually in next one week, targeting around the range 1.42 - 1.43.

While additional QE is expected in Eurozone, monetary policy in Australia is seen neutral and the interest rate is expected to be going up in earlier next year. Fundamentally, AUD is likely stronger against EUR.


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