EURAUD chart by TradingView


This is the Forex quote for the Euro versus the Australian Dollar. In this quote, the value of one Euro ('base currency') is quoted in terms of the Australian Dollar ('counter currency'). EUR/AUD reached its lows in the midst of the European sovereign debt crisis in 2012, when it hit A$1.1619. Since mid-July 2012, the pair has recovered mainly due to the European Central Bank's policy of Outright Monetary Transactions (OMT), the 'whatever it takes' measure that ECB President Draghi threatened in August 2012.


Short EURAUD on a Retracement

The cross was rejected strongly today from a long-term trend-line with the bounce in risk, setting up for the possibility of a much larger move lower.
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Paul Robinson   

Market Analyst

My Picks: Short EURAUD
Expertise: Technical Analysis
Average Time Frame of Trades: Several days to several weeks

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