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Euro Still Under Pressure

Euro Still Under Pressure

Thomas Long, Course Instructor

The EUR continues to fall as this daily chart of the EUR/AUD shows. The series of lower highs and lower lows continues as the downtrend remains intact. This bearish bias means to continue to look for selling opportunities as long as the pair remains below the 1.39356 high noted on the chart.

EURAUD_body_73143d1291039469-trend-day-euraud-1129.png, Euro Still Under Pressure

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