20 Feb 2015
EUR/AUD held up ahead of Eurogroup press conference
FXStreet (Guatemala) - EUR/AUD is currently trading at 1.4533 with a high of 1.4594 and a low of 1.4385.
EUR/AUD has been capped so far at 1.4580 resistance, but finds support on the incoming headlines in respect of the Eurogroup meeting with Greece as markets anticipate either a deal done or at least moving along in the right direction. With the Aussie held up vs the greeneback, any confirmation of the latter will likely give rise for a case to get long. There will be a Eurogroup press conference at 21hrs GMT.
EUR/AUD levels
EUR/AUD resistance comes in at 1.4580 ahead of the psychological 1.46 handle. there is upside congestion there after between 1.4640 and 1.4720. 1.4894 comes as February's high that twins with Jan 5th highs also. 1.4400 holds the downside up ahead 1.4250's late January resistance before the rally from the 1.43 handle.
EUR/AUD has been capped so far at 1.4580 resistance, but finds support on the incoming headlines in respect of the Eurogroup meeting with Greece as markets anticipate either a deal done or at least moving along in the right direction. With the Aussie held up vs the greeneback, any confirmation of the latter will likely give rise for a case to get long. There will be a Eurogroup press conference at 21hrs GMT.
EUR/AUD levels
EUR/AUD resistance comes in at 1.4580 ahead of the psychological 1.46 handle. there is upside congestion there after between 1.4640 and 1.4720. 1.4894 comes as February's high that twins with Jan 5th highs also. 1.4400 holds the downside up ahead 1.4250's late January resistance before the rally from the 1.43 handle.