9 Jan 2015
EUR/AUD bounces from 200-DMA
FXStreet (Mumbai) - The EUR/AUD pair advanced today after having bounced-off from the 200-DMA located at 1.4496 levels, thereby snapping a four day losing streak.
The pair now trades 0.14% higher at 1.4540 levels, compared to the previous session’s close at 1.4531 levels. Moreover, the AUD/USD pair fell from the day’s high of 0.8147 to trade 0.05% lower at 0.8119 levels as markets priced-in the release of a weaker-than-expected Australian retail sales figure. Meanwhile, the EUR/USD pair is up 0.15% at 1.1810 levels. Thus, the EUR/AUD cross recovered losses to trade well above 1.45 levels.
EUR/AUD Technical Levels
The immediate resistance is seen at 1.4563 and 1.4590 levels. On the other hand, immediate support is seen at 1.4496 (200-DMA), under which the pair could fall to 1.4476 levels.
The pair now trades 0.14% higher at 1.4540 levels, compared to the previous session’s close at 1.4531 levels. Moreover, the AUD/USD pair fell from the day’s high of 0.8147 to trade 0.05% lower at 0.8119 levels as markets priced-in the release of a weaker-than-expected Australian retail sales figure. Meanwhile, the EUR/USD pair is up 0.15% at 1.1810 levels. Thus, the EUR/AUD cross recovered losses to trade well above 1.45 levels.
EUR/AUD Technical Levels
The immediate resistance is seen at 1.4563 and 1.4590 levels. On the other hand, immediate support is seen at 1.4496 (200-DMA), under which the pair could fall to 1.4476 levels.