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EUR/AUD Prints New Multi-Decade Low

EUR/AUD Prints New Multi-Decade Low

Thomas Long, Course Instructor

There's just something about a new multi-decade low that means strong downtrend, which is what the EUR/AUD printed today. The series of lower highs and lower lows continues off of the highs in late 2008. This means to continue to look for selling opportunities to take advantage of this strong move and bias to the downside.

EURAUD_body_74024d1292249093-trend-day-euraud-1213.png, EUR/AUD Prints New Multi-Decade Low

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

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