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25 Feb 2014
EUR/AUD rejected from 1.5350, retreats to 1.5180
FXStreet (Córdoba) - The EUR/AUD dropped more than a hundred pips on Monday and finished below 1.5200, posting the lowest daily close in a week; in Asia managed to rise back above.
EUR/AUD reverses sharply
A stronger Aussie and a weak Euro pushed the EUR/AUD sharply to the downside during the American session. At the beginning of the week the pair rose to 1.5365 reaching a 2-day but reversed sharply and fell quickly more than a hundred pips bottoming at 1.5181, the lowest price since February 18.
Early in Asia the pair is recovering ground trading at 1.5208, up 0.03% from today’s opening price.
EUR/AUD reverses sharply
A stronger Aussie and a weak Euro pushed the EUR/AUD sharply to the downside during the American session. At the beginning of the week the pair rose to 1.5365 reaching a 2-day but reversed sharply and fell quickly more than a hundred pips bottoming at 1.5181, the lowest price since February 18.
Early in Asia the pair is recovering ground trading at 1.5208, up 0.03% from today’s opening price.