RTTN:Euro Drops To 5-day Low Against Australian Dollar
The euro pared its pre-London session gains against the Australian dollar in early European deals Tuesday, falling to a 5-day low of 1.2370 around 4:30 am ET, down from a session's high of 1.2425.
The euro failed to pierce the 1.2435/40 resistance zone in the daily chart and the pair reversed direction after having advanced to a 3-week high of 1.2432 last week. Likely support for the cross is seen around the 1.2330 area.
