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EUR/AUD Falls Toward the Lows

EUR/AUD Falls Toward the Lows

Thomas Long, Course Instructor

As the week opens, the EUR is showing some weakness across the board. This is especially true for the EUR/AUD as traders are starting to buy the AUD also. This daily chart of the EUR/AUD shows that this relationship is not new as this pair has been in a downtrend for a couple of years now. I would continue to look for sells as long as the pair remained below the 1.38774 high noted on the chart.

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

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