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12 Dec 2014
EUR/AUD consolidated upon key supporting handle
FXStreet (Guatemala) - EUR/AUD is trading at 1.5011, up 0.10% on the day, having posted a daily high at 1.5019 and low at 1.4989.
EUR/AUD has been choppy and directionless overnight but maintains a bullish tone set in place from the last few trading sessions and off the 1.4850 spike. The range has been wide in overnight business, between 1.4940 and right through to 1.5120 on an extraordinary rally and a short-lived spike. We are back settled around the 1.50 handle in a drift testing the 1.5020 resistance. Events wise for the pair had come in the form of the ECB injecting less than what had been expected into the economy, boosting the greenback and weighing on the EUR and Aussie.
EUR/AUD noteworthy levels
With spot trading at 1.5012 and through 1.5020, there is 1.5031 (Daily Classic R1), 1.5104 (Weekly Classic R3), 1.5113 (Daily Classic R2) and 1.5125 (overnight High). A fall below 1.5000 and closes below 1.4980 would put the ascending support and trend into question with 1.4960 next strong support.
EUR/AUD has been choppy and directionless overnight but maintains a bullish tone set in place from the last few trading sessions and off the 1.4850 spike. The range has been wide in overnight business, between 1.4940 and right through to 1.5120 on an extraordinary rally and a short-lived spike. We are back settled around the 1.50 handle in a drift testing the 1.5020 resistance. Events wise for the pair had come in the form of the ECB injecting less than what had been expected into the economy, boosting the greenback and weighing on the EUR and Aussie.
EUR/AUD noteworthy levels
With spot trading at 1.5012 and through 1.5020, there is 1.5031 (Daily Classic R1), 1.5104 (Weekly Classic R3), 1.5113 (Daily Classic R2) and 1.5125 (overnight High). A fall below 1.5000 and closes below 1.4980 would put the ascending support and trend into question with 1.4960 next strong support.