(1,2215) EUR/AUD confirmed further weakness and a new low at 1,2133 before bouncing higher. Still possible further weakness toward the 1,20 area while below 1,2270 on daily closing!! The indicators of the daily chart are still below the line but those of the s/t ones are positive at the moment supporting possible s/t strength that we expect to be corrective. Possible however a test of the 200 hours line at 1,2304!! We wait for lower levels to go long.
Follow possible updates.
Click here to read the full report: EURAUD 2012-02-07
FUTURE TREND RESEARCH