22 Jan 2015
EUR/AUD edges lower, ECB in focus
FXStreet (Mumbai) - The single currency traded erratically against the Australian dollar during the European session, swinging between gains and losses as investors patiently await the ECB monetary policy meeting.
Currently, the EUR/AUD cross trades lower by -0.16% at 1.4338 levels, moving away from fresh five-day high reached at 1.4408 levels earlier in the day. The EUR/AUD edged lower largely on Aussie strength as the Australian dollar headed towards session high versus the greenback. While, EUR/USD remains slightly lifted as market closes in on the ECB announcement. The AUD/USD pair trades at 0.8114, up 0.35% on the day. While EUR/USD trades higher by 0.16% at 1.1628 levels, at time of writing.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4408 levels, above which gains could be extended to 1.4493 levels. On the flip side, support is seen at 1.4300 levels, from here it to 1.4260 levels.
Currently, the EUR/AUD cross trades lower by -0.16% at 1.4338 levels, moving away from fresh five-day high reached at 1.4408 levels earlier in the day. The EUR/AUD edged lower largely on Aussie strength as the Australian dollar headed towards session high versus the greenback. While, EUR/USD remains slightly lifted as market closes in on the ECB announcement. The AUD/USD pair trades at 0.8114, up 0.35% on the day. While EUR/USD trades higher by 0.16% at 1.1628 levels, at time of writing.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4408 levels, above which gains could be extended to 1.4493 levels. On the flip side, support is seen at 1.4300 levels, from here it to 1.4260 levels.