Today in currency trading the consistent EUR (Euro) weakness drove price movement across the board on this group of pairs. The EUR/AUD is trending down and should continue lower. The EUR/NZD is nearing a support level breakout point at 1.5800. We will look to plan more sells on these pairs, and look for a downside breakout on the EUR/NZD. The EUR weakness is showing up on many of the trends in the current market. The live currency strength indicator you see below is The Forex Heatmap®.
Currency Strength Trading EUR Weakness 5-13-2014