Today I will give a comment on EUR / AUD if we look at the price on the chart, we can conclude that the EUR overestimated somehow in the AUD, so I believe that up to 500 pips should be corrected in the coming period.While the AUD and NZD had weakened in the last period, the EUR has risen sharply. and against USD, then, against GBP, then against AUD, then against NZD, then against NOK.Although I believed at the beginning of this month that the EUR should go aggressively above 1.2100, there is now a possibility of substantial weakness after the weird reaction of EUR on Friday after NON-Farm announcements.We can conclude that the EUR / USD quickly touched R3 and immediately came back below the P (neutral pivot lines), although NON-Farm dismayed the EUR weakened, while the other currencies against the USD and against the EUR remained very stable.There should be a reaction on Monday, what the euro is about to do, but I think all major currencies should weaken against US $ 100-200 pips before deciding to move forward against the USD.
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