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Euro crosses discussion

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A chart caught my eye whilst scrolling through the major ones I look at and whilst I don't trade EURNZD I couldn't help but notice a pretty strong looking setup.

On a 4 hour basis, EURNZD is putting in another attempt at 1.6650 area whilst the AO is remarkably lower. I'd be willing to take a trade with a stop around 1.6690 and a target down at 1.6550 if I were trading these setups.

ECB minutes will be the determining factor I imagine.

 

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As per GBPAUD, EURAUD is also at an interesting crossroads:

 

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By no coincidence that EURUSD is at a major level, so too is EURAUD. The 85 EMA on the 4 hour chart hasn't been met since the middle of March. I can see a swift bounce from here back up to 1.6030 region if price doesn't break the lows of 1.5950 area.

 
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