Thu, 20 Sep 2012 19:59:09 GMT
EUR/AUD remains bearish
The bearish tendency, which started two days ago, successfully managed to decline even further, and now the EUR/AUD currency pair is heading towards the 200-day SMA at 1.2421, which is expected to reverse the prevailing bearish trend. In case it is broken, then the price might reach the 20-day SMA at 1.2337, which might bring some bullish impulse. Moreover, the