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Euro Breaks Out Against Australian Dollar

By Luis Gil,
07 November 2008 01:49 GMT

Our Forex Automated Trading Signals has purchased the Euro against the Australian Dollar using the Breakout1 system. With no definitive trend exhibited by the pair, this breakout opportunity could yield high results. This short-term strategy may, however, lose out as Momentum seems to be going against such long positions.

11-06-08 euraud

See more Forex Buy/Sell Signals on DailyFX+ and be sure to monitor any updates on these specific signals, as our automated forex signals can and do change on a daily and intraday basis. For more information and guides on using our DailyFX Buy/Sell Signals, see our Weekly Forex Trading Strategy Outlook report.

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07 November 2008 01:49 GMT