EUR/AUD Bounces Up Off of the Lows
11 Jan 2011 14:30, GMTThe 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.
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