Aussie Buying Overdone; Long Eur/Aud @1.5525 (Daily FX)

EUR/AUD: The market has retraced sharply in early trade on Thursday, with the cross collapsing in a matter of hours all the way back to the 78.6% fib retrace off of the recent 1.5415-1.5955 move.

This entry was posted on Wednesday, February 10th, 2010 at 11:57 pm and is filed under Currencies, General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.