31 Oct 2013
EUR/AUD correcting lower on hot Aussie data
FXstreet.com (Barcelona) - EUR/AUD is trading in the red Thursday as a result of a huge increase in Aussie building permits that far exceeded consensus estimates.
EUR/AUD traders reacting to Aussie data / anticipating European data
Now that the bullish news out of Australia has come and gone, EUR/AUD traders will be anticipating German Consumer Confidence, German Import Prices, German Retail Sales, EuroZone CPI and the EuroZone Unemployment Rate.
Technical outlook for EUR/AUD
Technicians say EUR/AUD is sitting right at short-term support at Wednesday’s low of 1.4445. Below that level, Monday’s close at 1.4398 is the next stopping point on the downside. Resistance comes in at today’s high of 1.4507 with Tuesday’s high of 1.4529 backing that up.
EUR/AUD traders reacting to Aussie data / anticipating European data
Now that the bullish news out of Australia has come and gone, EUR/AUD traders will be anticipating German Consumer Confidence, German Import Prices, German Retail Sales, EuroZone CPI and the EuroZone Unemployment Rate.
Technical outlook for EUR/AUD
Technicians say EUR/AUD is sitting right at short-term support at Wednesday’s low of 1.4445. Below that level, Monday’s close at 1.4398 is the next stopping point on the downside. Resistance comes in at today’s high of 1.4507 with Tuesday’s high of 1.4529 backing that up.