Currency pair EUR / AUD from explosion
Currency pair EUR / AUD has been three days is below 1.2525 resistance value. From looking at the graph it can be seen that the downward channel is formed from the beginning of February, the course helped in the reflection from the bottom edge, but the top, he managed to break through and not stop until he mentioned before that S / R levels. If this threshold pair fails to break, it could remain in a horizontal price channel bounded by strong S / R levels on the values ??of 1.2525 and 1.2290.
Looking at a longer time frame is seen that stopped forming lower lows and lower highs, so this gives a clear end of the bear trend. At least according to technical analysis.
Euro but you can not jump too much because of the economic situation across the Eurozone, where in addition to Germany and France are virtually all other countries in smaller or larger problems.
Course would benefit from reduced rates of Australian, which is still spoken.
From Australia these days many macroeconomic data expected. Until the night from Tuesday to Wednesday data on employment. The expected European data are of little importance and the rate of the currency pair would be in a situation of large Cypriot shocks should not have an effect.
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