5 Dec 2014
EUR/AUD held in consolidation with bearish bias
FXStreet (Guatemala) - EUR/AUD is trading at 1.4752, down -0.10% on the day, having posted a daily high at 1.4791 and low at 1.4741.
EUR/AUD has been a drift to the downside but trading within a relatively tight range despite big moves in the greenback with nonfarm payrolls surprising to the upside. The nonfarm payrolls number came in with 321.000 jobs in November that beat the consensus of 230.000.
The Euro is on its knees through the key support levels on the way through to the 1.23 handle. 1.2280 support holds the major and brings stability to the cross while AUD/USD consolidates on the 0.83 handle after falling over half a cent in similar fashion. On a continuation of the downside, the levels can be found at 1.4741 (Daily Low), 1.4738 (Daily Classic PP), 1.4701 (Hourly 100 SMA), 1.4662 (Hourly 200 SMA) and 1.4643 (Daily Classic S1) while 1.4790 contains the cross on the upside ahead of 1.4820.
EUR/AUD has been a drift to the downside but trading within a relatively tight range despite big moves in the greenback with nonfarm payrolls surprising to the upside. The nonfarm payrolls number came in with 321.000 jobs in November that beat the consensus of 230.000.
The Euro is on its knees through the key support levels on the way through to the 1.23 handle. 1.2280 support holds the major and brings stability to the cross while AUD/USD consolidates on the 0.83 handle after falling over half a cent in similar fashion. On a continuation of the downside, the levels can be found at 1.4741 (Daily Low), 1.4738 (Daily Classic PP), 1.4701 (Hourly 100 SMA), 1.4662 (Hourly 200 SMA) and 1.4643 (Daily Classic S1) while 1.4790 contains the cross on the upside ahead of 1.4820.