AUD,NZD/EUR/USD/Technical Analysis

EUR/AUD technicals: Break below 1.2550 targets 1.2360

     Previous highs at 1.2550 have now been broken and the obvious target for this pair is the 38.2% retracement at 1.2360. Selling rallies definitely preferred.

  1. sean,

    don’t agree with you. might go but not for this week now. after having lost 300 pips in last 3 days. it is losing 100 pips/day. It recovered 1100 pips in 7 weeks.

  2. Yes indeed Nachiket, and if you subscribe to the theory that the market always goes where it can stuff the most people up, we might even see 106 again real soon??

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