Forecast by Marius Ghisea – EUR/AUD (September 27-30)

The EUR/AUD currency pair is into a downtrend, according to the daily chart.The price is below 50 EMA (1.4783) at this moment and this indicates that this currency pair will continue to fall. The MACD also confirms the downtrend in the medium long term.

According to the MACD on the 8 hour chart, the EUR/AUD currency is still into a downtrend in the medium term. The price is still below 200 EMA (1.4811).