from 1.2132 is viewed as a correction in the larger down trend and should have completed after failing 55 weeks EMA. Whole down trend from 2.1227 (2008 high) is possibly resuming for 1.2 psychological level first. Above 1.3028 will bring another rise though but after all, we'll stay medium term bearish as long as 1.4261 resistance holds and expect eventual downside breakout. EUR / AUD pair fell strongly yesterday with the first trading day of this month to close yesterday at a historic level of support, the day trading then wait for signs of the rise to enter into a purchase