EUR/AUD halts yesterday's decline from two-year highs

• EUR/AUD trades rough at the top, looking for direction.
• ECB policy meeting today, RBA Gov speaks Friday.

EUR/AUD traded up during Asia, consolidating near 1.5685 in early Tokyo markets. The pair has been a mixed bag recently, following an aggressive climb last week that saw the pair reach its highest value since early 2016.

The European Central Bank is holding their Non-Monetary Policy meeting in Frankfurt today at 08:00 GMT, and while this meeting won't be covering monetary policy directly, the ECB can still be expected to address recent market developments and the central bank's possible plans moving forward.

Australia's RBA Governor Lowe will be making an appearance on Friday at 00:30 GMT. What he has to say about the Australian economy and the central bank's current policies may have an effect on how markets have currently priced in expectations of rate hikes from Australia's central bank.

EUR/AUD Technicals

EUR/AUD has been a frothy pair lately, with an intraday support zone forming between 1.5660 and 1.5644, with resistance sitting close by at 1.5693 and 1.5728 just above it. Daily charts are decidedly bullish with price trading high above the 34 EMA and 200-day SMA, while the recent rejection from the 1.5730 region could form into a double top pattern if the AUD can't find the will to keep fighting the Euro.

Today's pivot points:
R2: 1.5848
R1: 1.5750
PP: 1.5698
S1: 1.5600
S2: 1.5549