Market Commentary and Intraday News
Euro Trades Below 1.26 Against Australian Dollar
218 days ago
(RTTNews) - Extending its 2-day losing streak, the euro reached below the key 1.26 level against its Australian counterpart on Friday morning in Asia.
The common currency reached as low as 1.2597 against the Australian dollar, down 0.10 percent from Thursday's close of 1.2610.
A breakout is expected below bottom-line or above the top of a triangle formation in the higher-time frames with 1.27 seen as the resistance and 1.2590 seen as the probable support.
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