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Thomas Long, Course Instructor

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


DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.