what is wrong with the euraud pair

[zaff]

Hi i´m wondering what is wrong with this pair, it's been loosing steadily for the past days. do you advise turning it off?

it is chewing all my profits.

[Support_AdrianS]

Dear Zaff,

Most likely the reason is due to some poor results on New Home Sales m/m and Construction Work Done q/q for AUD (last night).
The unusual thing is the impact force of such medium important news.
Maybe is because the market is too quiet during the European and USA trading time and the price has to go somewhere, creating the conditions for short time brake outs.

Turning off a currency due to some short time results is not a good idea.
Most likely, the market will come to normality and those loses will be recovered sooner or later.

Kind regards,
Adrian.
ForexRealProfitEA Team