As stocks moved higher we saw a slow down on euro which in fact can be pointing lower based on negative correlation with German bunds that are pointing higher as recent set-back can be wave four. If that is the case then EURUSD can slip back below 1.2300.
BUND vs EURUSD
EURAUD suggest weaker euro during risk-on sentiment which can drop below 1.5600 this week, but most-likely after wave 4 rally.
EURAUD, 1H
