27 Mar 2014
EUR/AUD settled down at new multi-month lows of 1.4917
FXStreet (Moscow) - EUR/AUD bulls are in retreat again as the cross dropped to current Asian lows of 1.4917 after opening at 1.4955
EUR/AUD is depressed
EUR/AUD continues sliding down as the cross crashed below a psychologically important support level of 1.5000 on Wednesday. Bad sign for EUR/AUD bulls because the technical picture is signals that the longer term bearish trend has resumed. The cross moves in unison with general optimistic Aussie sentiments. It means the new losses might be in store for EUR/AUD. Now the key support comes at 1.4900. This is a strong level that may trigger some upside correction at least to current intraday highs of 1.4957. From the fundamental point of view, keep an eye at EZ M3 money supply data as it may shed some light on inflation/deflation threat in the currency union.
What are today’s key EUR/AUD levels?
Today's central pivot point can be found at 1.4984, with the support at 1.4870, 1.4803 and 1.4689, with resistance above at 1.5051, 1.5165 and 1.5232. Hourly Moving Averages are bearish, with the 200SMA at 1.5209 and the daily 20EMA at 1.5240. Hourly RSI is neutral at 30.
EUR/AUD is depressed
EUR/AUD continues sliding down as the cross crashed below a psychologically important support level of 1.5000 on Wednesday. Bad sign for EUR/AUD bulls because the technical picture is signals that the longer term bearish trend has resumed. The cross moves in unison with general optimistic Aussie sentiments. It means the new losses might be in store for EUR/AUD. Now the key support comes at 1.4900. This is a strong level that may trigger some upside correction at least to current intraday highs of 1.4957. From the fundamental point of view, keep an eye at EZ M3 money supply data as it may shed some light on inflation/deflation threat in the currency union.
What are today’s key EUR/AUD levels?
Today's central pivot point can be found at 1.4984, with the support at 1.4870, 1.4803 and 1.4689, with resistance above at 1.5051, 1.5165 and 1.5232. Hourly Moving Averages are bearish, with the 200SMA at 1.5209 and the daily 20EMA at 1.5240. Hourly RSI is neutral at 30.