Lately, after the current IMF Managing Director Lagarde was nominated as the next European Central Bank President, Euro is facing a down trend. As Lagarde perceived as a policy dove.
Additionally, Aussie Dollar is not strong as well, RBA just cut interest two days before. &nbsp;
The above reasons made EUR/AUD does not have a clearly trend.
Today, the data of U.S. non-farm payrolls is due to publish, which will highly affect the future trend.
In Technical side, daily RSI has kept between 30-40 lately and EUR/AUD is trying to break 1.60. If it break this support level, it may face a down trend.&nbsp;

EUR/AUD stuck at one month low after Lagarde nomination

Dec 01 2020

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