25 Jun 2014
EUR/AUD remains bid in overbought conditions
FXStreet (Guatemala) - Currently, EUR/AUD is trading at 1.4522, up 0.00% on the day, having posted a daily high at 1.4526 and low at 1.4522.
EUR/AUD has penetrated the 1.45 handle and marks a score in 1.4520 while the FXStreet OB/OS Index is reflecting overbought hourly conditions, with the FXStreet Trend Index remaining slightly bullish also. In Europe overnight, the German IFO survey’s missed the markets expectations and also ECB’s Nowotny was calling for deflation. Regardless we remain bid on a very thin week for AUD. RBA Dep Gov Lowe will be speaking later on in the week, although on a panel for G20 so it is unlikely that he will cover monetary policy or their economic outlook.
EUR/AUD Levels
With spot trading at 1.4524, we can see next resistance ahead at 1.4524 (Daily Open), 1.4526 (Daily High), 1.4530 (Yesterday's High), 1.4539 (Daily 20 SMA) and 1.4555 (Weekly Classic R1). Support below can be found at 1.4522 (Daily Low), 1.4508 (Weekly High), 1.4499 (Daily Classic R1), 1.4483 (Hourly 20 EMA) and 1.4470 (Weekly Classic PP).
EUR/AUD has penetrated the 1.45 handle and marks a score in 1.4520 while the FXStreet OB/OS Index is reflecting overbought hourly conditions, with the FXStreet Trend Index remaining slightly bullish also. In Europe overnight, the German IFO survey’s missed the markets expectations and also ECB’s Nowotny was calling for deflation. Regardless we remain bid on a very thin week for AUD. RBA Dep Gov Lowe will be speaking later on in the week, although on a panel for G20 so it is unlikely that he will cover monetary policy or their economic outlook.
EUR/AUD Levels
With spot trading at 1.4524, we can see next resistance ahead at 1.4524 (Daily Open), 1.4526 (Daily High), 1.4530 (Yesterday's High), 1.4539 (Daily 20 SMA) and 1.4555 (Weekly Classic R1). Support below can be found at 1.4522 (Daily Low), 1.4508 (Weekly High), 1.4499 (Daily Classic R1), 1.4483 (Hourly 20 EMA) and 1.4470 (Weekly Classic PP).