17 Jul 2014
EUR/AUD consolidating the sell off
FXStreet (Guatemala) - EUR/AUD is trading at 1.4443, up 0.04% on the day, having posted a daily high at 1.4451 and low at 1.4435.
EUR/AUD has found support after the slide of 80 pips from the territory of the 1.45 handle. EUR was feeling the pressures in the EUR/GBP cross and continued to sell off and lower yields with European bods rallying as well as Yellen returning to Capital Hill who essential explained that the outlook is positive in terms of growth and the labour market, reinforcing speculation in the market that rates will need to rise. The AUD stabilised on the back of the EUR/AUD sell off and here we are consolidating as bids came to the table.
EUR/AUD Levels
With spot trading at 1.4443, we can see next resistance ahead at 1.4447 (Daily Classic S1), 1.4451 (Daily High), 1.4460 (Hourly 20 EMA), 1.4489 (Hourly 100 SMA) and 1.4494 (Weekly Classic PP). Support below can be found at 1.4438 (Daily Open), 1.4437 (Weekly Low), 1.4435 (Daily Low), 1.4434 (Yesterday's Low) and 1.4427 (Weekly Classic S1).
EUR/AUD has found support after the slide of 80 pips from the territory of the 1.45 handle. EUR was feeling the pressures in the EUR/GBP cross and continued to sell off and lower yields with European bods rallying as well as Yellen returning to Capital Hill who essential explained that the outlook is positive in terms of growth and the labour market, reinforcing speculation in the market that rates will need to rise. The AUD stabilised on the back of the EUR/AUD sell off and here we are consolidating as bids came to the table.
EUR/AUD Levels
With spot trading at 1.4443, we can see next resistance ahead at 1.4447 (Daily Classic S1), 1.4451 (Daily High), 1.4460 (Hourly 20 EMA), 1.4489 (Hourly 100 SMA) and 1.4494 (Weekly Classic PP). Support below can be found at 1.4438 (Daily Open), 1.4437 (Weekly Low), 1.4435 (Daily Low), 1.4434 (Yesterday's Low) and 1.4427 (Weekly Classic S1).