13 Dec 2013
EUR/AUD posed for a close in 1.5400?
FXstreet.com (London) - EUR/AUD is recovering from a dip back into upside of the 1.53 handle with a brief tic towards the high of 1.5428, currently oscillating just shy of 1.5400 the figure.
The Euro crosses are performing well while the Australian dollar is struggling towards the low of 0.8913 after a sharp fall out of unwinding from the mid range of the 0.90 handle when Glenn Stevens surprised markets with his overall dovish tone overnight suggesting the economy would be doing better if the currency were trading closer to 0.8500.
EUR/AUD Levels
EUR/AUD RSI (14) is just shy of the 70 indicating mark at 68.49 while the pair is losing momentum to the upside vs EMA’s which are offering a bullish bias for the pair on an intra day to long term charting basis, well above the pivot of 1.5164. Key support is located at 1.5370 with resistances at 1.5400, 1.5410/15 ahead of 1.5428 the high.
The Euro crosses are performing well while the Australian dollar is struggling towards the low of 0.8913 after a sharp fall out of unwinding from the mid range of the 0.90 handle when Glenn Stevens surprised markets with his overall dovish tone overnight suggesting the economy would be doing better if the currency were trading closer to 0.8500.
EUR/AUD Levels
EUR/AUD RSI (14) is just shy of the 70 indicating mark at 68.49 while the pair is losing momentum to the upside vs EMA’s which are offering a bullish bias for the pair on an intra day to long term charting basis, well above the pivot of 1.5164. Key support is located at 1.5370 with resistances at 1.5400, 1.5410/15 ahead of 1.5428 the high.