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EUR/AUD

EUR/AUD

2010-03-02 13:42:00
Thomas Long, Course Instructor
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We took a look at the selling pressure in the GBP/AUD yesterday and today we take a look at the strong downtrend in the EUR/AUD. These two pairs have experienced consistent selling pressure for a year now which just shows how long a trend can last in the FX markets. I would continue to look for selling opportunities in this pair as long as the market stays below the 1.53291 buy side high of February 25th.

euraud 030210

 

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