Fri, 07 Dec 2012 18:02:39 GMT
EUR/AUD gains bearish momentum
Today the EUR/AUD currency couple experienced another consequent movement downwards, which has already managed to breach the 200-day SMA at 1.2377, and now the price is gradually heading towards the lower Bollinger band at 1.2270, which is expected to reverse the prevailing tendency. In case it is broken, then the currency pair is likely to reach the weekly S3 at