8 Jul 2014
EUR/AUD holding steady ahead of risk event
FXStreet (Guatemala) - EUR/AUD is trading at 1.4515, up 0.01% on the day, having posted a daily high at 1.4530 and low at 1.4513.
EUR/AUD has been working in a tight range and continuing on in a sideways channel in Asia. The attempt higher last week has been undermined in a slow drift lower and away from 1.4600. On the hourly EUR/AUD chart, the 200 SMA is climbing and currently at 1.4528, up from the previous hour close at 1.4498. As far as risk events go, we have Australian Business Confidence on the horizon.
EUR/AUD Levels
Current price is 1.4516, with resistance ahead at 1.4519 (Hourly 20 EMA), 1.4529 (Daily Classic PP), 1.4530 (Daily High), 1.4541 (Yesterday's High) and 1.4553 (Daily Classic R1). Next support to the downside can be found at 1.4515 (Daily Open), 1.4513 (Daily Low), 1.4511 (Daily 20 SMA), 1.4508 (Hourly 100 SMA) and 1.4505 (Weekly Classic PP).
EUR/AUD has been working in a tight range and continuing on in a sideways channel in Asia. The attempt higher last week has been undermined in a slow drift lower and away from 1.4600. On the hourly EUR/AUD chart, the 200 SMA is climbing and currently at 1.4528, up from the previous hour close at 1.4498. As far as risk events go, we have Australian Business Confidence on the horizon.
EUR/AUD Levels
Current price is 1.4516, with resistance ahead at 1.4519 (Hourly 20 EMA), 1.4529 (Daily Classic PP), 1.4530 (Daily High), 1.4541 (Yesterday's High) and 1.4553 (Daily Classic R1). Next support to the downside can be found at 1.4515 (Daily Open), 1.4513 (Daily Low), 1.4511 (Daily 20 SMA), 1.4508 (Hourly 100 SMA) and 1.4505 (Weekly Classic PP).