Here is the key factor to keep in mind today for Euro trades:

• Eurozone PPI: The Eurozone PPI for August is predicted to decrease by 0.1% monthly and by 2.1% annualized. Forex traders can compare this to the Eurozone PPI for July which increased by 0.1% monthly and which decreased by 2.8% annualized.

Here are the key factors to keep in mind today for Australian Dollar trades:

• Australian ANZ Roy Morgan Weekly Consumer Confidence Index: The Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of October 2nd was reported at 117.9. Forex traders can compare this to the Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of September 25th which was reported at 120.6.
• Australian ANZ Job Advertisements: Australian ANZ Job Advertisements for September decreased by 0.3% monthly. Forex traders can compare this to Australian ANZ Job Advertisements for August which increased by 1.7% monthly.
• Australian Building Approvals: Australian Building Approvals for August decreased by 1.8% monthly and increased by 10.1% annualized. Economists predicted a decrease of 6.0% monthly and an increase of 5.1% annualized. Forex traders can compare this to Australian Building Approvals for July which increased by 12.0% monthly and by 4.2% annualized.
• Australian RBA Interest Rate Decision: The Australian RBA Interest Rate Decision was reported to keep interest rates at 1.50%. Forex traders can compare this to the previous Australian RBA Interest Rate Decision where interest rates were left unchanged at 1.50%.

Should price action for the EURAUD remain inside the or breakout above the 1.4575 to 1.4625 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.4600
• Take Profit Zone: 1.5100 – 1.5150
• Stop Loss Level: 1.4400

Should price action for the EURAUD breakdown below 1.4575 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.4525
• Take Profit Zone: 1.4300 – 1.4375
• Stop Loss Level: 1.4575

Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.