Gold Prices Slide into Swing Support. Trend-Line Support as New Resistance. This is the Forex quote for the Euro versus the Australian Dollar. In this quote, the value of one Euro 'base currency' is quoted in terms of the Australian Dollar 'counter currency'.

Since mid-Julythe pair has recovered mainly due to the European Central Bank's policy of Outright Monetary Transactions OMTthe 'whatever it takes' measure that ECB President Draghi threatened in August Euro Treading Water as Bullish Catalysts Have Been Sorely Lacking.

Even the ECB has taken to tempering expectations at their June meeting. Aiming to Test Below 1. A Top in Place Above 1.

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