FXstreet.com (Barcelona) – EUR/AUD is short-term overbought and approaching resistance. However, the trend is the trend and the trend is higher.
EUR/AUD traders to focus on German data points
There is no data due out of Australia during Wednesday’s session, so EUR/AUD traders will have to focus on the news coming out of Europe including German Consumer Confidence and the German 10-Year Bund Auction.
Technical outlook for EUR/AUD