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EURAUD update, Improving Eurozone Data Could Support EUR in the Short Term

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURAUD, Daily Eurozone unemployment shows modest signs of improvement and other Eurozone data may also start to print a better outlook for the Eurozone economy over the short term that may add to support the EUR longs. However, markets are on edge that over the medium term further ECB easing still remains a possibility, and that could keep a lid on the EUR. The Reserve Bank of Australia left rates unchanged, while the monetary policy remains dovish, adding to the short term weakness on the

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