Mon, 09 Dec 2013 10:43:46 GMT
EUR/AUD 1D Chart: Channel Up
In the first half of August of 2012 EUR/AUD bottomed out at 1.16 and since then the currency pair has been trading in an up-trend, which gradually developed into a bullish channel, being that the price has been consistently respecting two rising lines. Considering that the rate has recently bounced off the lower boundary of the pattern, it is expected