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Forex Signal: EUR/AUD Making Break to New Lows

June 28, 2010 at 12:43 UTC || By Forex Playmaker  

The euro is on the verge of falling to record lows against the Australian dollar, signaling a substantial downward move in the coming trading days. The EUR/AUD is last priced at 1.4075, well off the Friday highs atop the 1.43 handle. The final support for the currency pair will present near the 1.3930 level, after which a violent decline is likely to follow. Traders should short...

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