18 Dec 2014
EUR/AUD trades below 1.52 handle
FXStreet (Mumbai) - The single currency trades flat against the Australian dollar in a very choppy Asian session, locked between 1.5130 - 1.5199 levels.
Currently, the EUR/AUD trades almost unchanged at 1.5177 levels, after hitting day’s high of 1.5199 levels just falling a thread line short of 1.52 levels. EUR/AUD lost ground mainly after the Euro fell to one-week lows levels against the greenback in overnight trading. On the other hand, the Aussie bulls seem to have gained control over the US dollar which is also likely to weigh on the EUR/AUD pair.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.5206 (50-day SMA) levels, above which gains could be extended to 1.5341 (Dec 17 High) levels. On the flip side, support is seen at 1.5150 (100-day SMA), below which it could extend losses to 1.5121 (Dec 17 Low) levels.
Currently, the EUR/AUD trades almost unchanged at 1.5177 levels, after hitting day’s high of 1.5199 levels just falling a thread line short of 1.52 levels. EUR/AUD lost ground mainly after the Euro fell to one-week lows levels against the greenback in overnight trading. On the other hand, the Aussie bulls seem to have gained control over the US dollar which is also likely to weigh on the EUR/AUD pair.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.5206 (50-day SMA) levels, above which gains could be extended to 1.5341 (Dec 17 High) levels. On the flip side, support is seen at 1.5150 (100-day SMA), below which it could extend losses to 1.5121 (Dec 17 Low) levels.