Fri, 09 Oct 2015 13:49:10 GMT
EUR/AUD 1H Chart: Channel Down
Despite a sustainable recovery that took place between Wednesday and Thursday, the Euro/Aussie cross failed to consolidate above the 1.57 mark. Moreover, even the weekly S1 and 55-hour SMA were unable to support the Euro, which led to a sell-off down to the 1.55 level by Friday afternoon. Closest demand to meet is represented by the weekly S2 and daily