EUR/AUD Falls Toward the Lows
Feb 14, 2011

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.