There are so many factors which could contribute for the EUR, AUD and GBP pairs to continue their bearish. Those are:
1)Down Jones finished negative today. It finished with -220 points. From the beginning, the DJ started a -150 points. From the point it recovered to go as high as -80 points. But, most of the period, it stayed over -170 points.
2)Saudi Arabia Crisis. Now, the turmoil starts in this country. This provided insecurity for investors, since Saudi Arabia is the largest exporter of Oil around the world.
3)Muammar Gaddafi's, Libia's president forced attachs against oil towns.
4)Euro, GBP & AUD all currencies dropped with no sign of recovery.
5) S&P 500 finished less than 1300 level. This is a psychological level for the stocks.
So, its (probable) to see further downward trend in the European currencies.
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