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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.

EURAUD_body_78375d1297698658-trend-day-euraud-214.png, EUR/AUD Falls Toward the Lows

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

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