EUR/AUD 4H Chart: Decline Likely To Continue

<p>The common European currency has been declining in a descending channel pattern against the Australian Dollar since the middle of March. The currency pair breached the 50-, 100– and 200– hour SMAs during this period. Currently, the exchange rate is testing a support level formed by the weekly S1 at 1.6905. If the support level […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/287053-eur-aud-4h-chart-decline-likely-to-continue-6/">EUR/AUD 4H Chart: Decline Likely To Continue</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>