News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
EUR/AUD Bounces Up Off of the Lows

EUR/AUD Bounces Up Off of the Lows

Thomas Long, Course Instructor

The AUD has been experiencing some weakness due to the flooding situation in Australia, however the EUR has been even weaker. This daily chart of the EUR/AUD shows a market that is still in a downtrend based on the series of lower highs and lower lows. I would still maintain a bearish bias and continue to look for sells as long as the pair remains below the 1.35114 high noted on the chart.

EURAUD_body_75875d1294755854-trend-day-euraud.png, EUR/AUD Bounces Up Off of the Lows

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

DISCLOSURES