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EUR/AUD Bottom Developing as EUR/JPY Holds 139.90-143.75 Range

Talking Points:

- EURAUD may be bottoming; EURJPY rangebound.

- EURUSD turns more bullish per technical studies.

- Forex economic calendar thins out for Easter holiday weekend.

To keep up with developments central banks and their policy changes, be sure to sign up for my distribution list.

We're headed into a long holiday weekend in Europe and North America, leaving market participants needing more liquidity for sustainable trend shifts. The three most interesting EUR-crosses right now, EURUSD (FOMC vs ECB easing speculation), EURAUD (ECB easing vs Chinese growth concerns), and EURJPY (ECB vs BoJ easing) are setting up for moves out of the holiday weekend. Watch the video for a discussion on the levels we're watching over the coming days.

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Read more: AUD/USD, GBP/USD Still Ripe with Potential after UK Jobs, Chinese GDP

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX


original source

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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