EUR/AUD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
During the last 153 hours were observing the appreciation of the single currency against the Aussie, however, latest performance is raising concerns the trend may switch its direction, as the pair is testing the support line. As the pair has been fluctuating around 1.42 for more than 22 hours, and technical indicators as well as market sentiment are sending "sell" signals, a penetration of the lower trend line is widely expected. However, in a longer term the pair may move back into pattern's boundaries, as aggregate technical indicators on 1D chart are pointing at appreciation of the pair.
© Dukascopy Bank SA
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Wed, 17 Jul 2013 07:02:34 GMT

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