Monday 13 April 2009

Will Euro Fall Sharply? - Update 1

Following my original question - will Euro fall sharply after April 1, 2009, here is the first update. As expected, Euro is far lower compared to Australian Dollar. It is in a descending trajectory. A typical technical analysis states that there might be support at 1.8 level but it could also go all the way to the multi-year average. Have a look at the chart... Click to see larger image.

ScreenHunter_001

Australia - Currency

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