With all of the bad news consistently coming out of Europe, the Euro has continued to decline. The EUR/AUD plummeting has continued to attractive the carry trade strategy due to its attractive rolls.

The EUR/JPY has also declined with the macro trend of the Euro, but the rolls are insignificant. The trend appears to be a bit choppier, but with a slightly higher pip cost results will be intensified. As the Euro zone debt crisis continues its downward macro trend these pairs could be an opportunity until a bottom is formed.

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