EURAUD: EURO at The Mercy of the ECB
If the ECB today is hawkish during the monetary policy statement, we could see the EURO rise more.
However, I do not expect this move from the ECB, given that they did not support
the EURO at all when it moved below the parity price zone.
Scenario_1
ECB Hawkish -> EUR, GBP, and CHF will all rise against all the other currency pairs
Scenario_2
ECB Dovish -> EUR, GBP, and CHF will all fall against all the other currency pairs.
Thank you and Good Luck!