25 Feb 2015
EUR/AUD drops to 4-week lows
FXStreet (Córdoba) - EUR/AUD is falling for the second day in a row and printed a fresh low for the current month at 1.4375. Currently is hovering around 1.4400, headed toward the lowest daily close since January 28.
The pair broke an important support around 1.4475 yesterday and dropped further, extending the decline from 1.4880 (Feb 2 high).
While the euro remains limited in the market, the aussie rose during the Asian session boosted by Chinese economic data. EUR/USD is moving sideways around 1.1260 and 1.1450 but AUD/USD reached the strongest level in a month at 0.7900 a few hours ago.
EUR/AUD technical levels
To the upside, resistance levels might lie at 1.4440/50, 1.4500 and 1.4610 (Feb 24 high). On the opposite direction support could be located at 1.4355, 1.4260 and 1.4210/20.
The pair broke an important support around 1.4475 yesterday and dropped further, extending the decline from 1.4880 (Feb 2 high).
While the euro remains limited in the market, the aussie rose during the Asian session boosted by Chinese economic data. EUR/USD is moving sideways around 1.1260 and 1.1450 but AUD/USD reached the strongest level in a month at 0.7900 a few hours ago.
EUR/AUD technical levels
To the upside, resistance levels might lie at 1.4440/50, 1.4500 and 1.4610 (Feb 24 high). On the opposite direction support could be located at 1.4355, 1.4260 and 1.4210/20.