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EUR/AUD Under Pressure

EUR/AUD Under Pressure

Thomas Long, Course Instructor

The EUR/AUD sits just above the 1.36436 support level which does represent a multi-decade low. This along with the series of lower highs and lower lows means a downtrend. I would continue to look for selling opportunities as long as the pair remains below the 1.42047 high noted on the chart.

EURAUD_body_72712d1290434091-trend-day-euraud-1122.png, EUR/AUD Under Pressure

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