Fundamental:
AUD: Latest RBA rate maintained at 1.5%, monetary policy is holding. Mixed economic data for Australia. RBA latest statement is hawkish towards stronger AUD
EUR: Hard Brexit sentiment has pressure EURO as much it is on the GBP. ECB is quite dovish and QE program still in progress. Series of the geopolitical issue in EUROZONE (Catalonia, Germany) are factors the attributed to EUR weaknesses.
Technical:
Bearish Pin bar is formed on weekly resistance
The pair is still on an upward trend but it is a correction phase.
AUD: Latest RBA rate maintained at 1.5%, monetary policy is holding. Mixed economic data for Australia. RBA latest statement is hawkish towards stronger AUD
EUR: Hard Brexit sentiment has pressure EURO as much it is on the GBP. ECB is quite dovish and QE program still in progress. Series of the geopolitical issue in EUROZONE (Catalonia, Germany) are factors the attributed to EUR weaknesses.
Technical:
Bearish Pin bar is formed on weekly resistance
The pair is still on an upward trend but it is a correction phase.