The fundamental point of view:
Despite all the stimuli of the federal reserve, the retail sales data of the USA for Dec. were truly awful and showed the lack of demand. On the other hand, the inflation data made a new high. These elements are not suitable for the economy and reflationary trades are kind of far from my mind especially if the Fed starts QT or rate...
Economic growth slowdown hurts AUD the most while ECB has taken some actions that may affect EUR positively. China is expanding its accommodative monetary policies that shows the economic conditions are not that good.
For these reasons, there might be a long bullish trend in EURAUD however, for short term, I believe this pair is going to have a correction and...
EURUSD made a lower low that can be interpreted as the end of the uptrend. It can go for a pullback and then either continue retracing the uptrend or ranging.
