15 Jul 2014
EUR/AUD now awaits direction from Europe
FXStreet (Guatemala) - EUR/AUD is trading at 1.4509, up 0.07% on the day, having posted a daily high at 1.4518 and low at 1.4489.
The RBA minutes for July were released and didn’t give us anything new from the RBA. There has been very little reaction across the Aussie crosses and EUR/AUD remains subdued within the narrow range as described between high and low of the session. Focus will now be in the EZ and analysts at Rabobank highlighted the German ZEW survey, “Seen steady at 67.4 and 28.2 for expectations. Will the World Cup have any impact, one wonders? The final victory won’t be covered, but the 7-1 should be”.
EUR/AUD Levels
Spot is presently trading at 1.4510, and next resistance can be seen at 1.4515 (Weekly High), 1.4518 (Daily High), 1.4521 (Yesterday's High), 1.4525 (Daily Classic R1) and 1.4552 (Daily Classic R2). Next support to the downside can be found at 1.4505 (Hourly 200 SMA), 1.4503 (Daily 20 SMA), 1.4499 (Daily Open), 1.4498 (Hourly 20 EMA) and 1.4495 (Daily Classic PP).
The RBA minutes for July were released and didn’t give us anything new from the RBA. There has been very little reaction across the Aussie crosses and EUR/AUD remains subdued within the narrow range as described between high and low of the session. Focus will now be in the EZ and analysts at Rabobank highlighted the German ZEW survey, “Seen steady at 67.4 and 28.2 for expectations. Will the World Cup have any impact, one wonders? The final victory won’t be covered, but the 7-1 should be”.
EUR/AUD Levels
Spot is presently trading at 1.4510, and next resistance can be seen at 1.4515 (Weekly High), 1.4518 (Daily High), 1.4521 (Yesterday's High), 1.4525 (Daily Classic R1) and 1.4552 (Daily Classic R2). Next support to the downside can be found at 1.4505 (Hourly 200 SMA), 1.4503 (Daily 20 SMA), 1.4499 (Daily Open), 1.4498 (Hourly 20 EMA) and 1.4495 (Daily Classic PP).