As with EURUSD’s ludicrously oversold “Dumb Money At Work” event last week, so too the fifth-decimal-place chasers have decided that AUD can only go up (relative to EUR, at least).

 

Every dickhead with access to an online Forex account thinks he’s a genius jumping on the same direction as a trend that is the most oversold (basis EURAUD) that it’s been in years.

 

As with the EURUSD call, look to double your dough.