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EURAUD rallies to strong resistance area
Forex Technical Trading: EURAUD rallies to strong resistance area 2 hours ago | November 24th, 2014 18:14:24 GMT by Greg Michalowski View Comments On Friday, I wrote the following about the EURAUD (refer to the chart): The EURAUD is the weakest EUR pair. The price yesterday was testing the 200 day MA (green line in the chart below) and sellers entered against the level Today they were rewarded with a nice move on the back of increased QE speculation in the EU and the PBOC easing which is benefiting the AUD. The pair has tumbled below the 100 day MA (blue line in the chart below) at the 1.4353 level. The pair has been ... (full story)