23 Oct 2013
EUR/AUD shocked after plunge to 1.4135 lows
FXstreet.com (Chicago) - EUR/AUD seems to bounce off lows around the 1.4135 session lows after plunge on Australian data releases.
Australian data was better than expected, generating a positive reaction among market participants supporting the Aussie.
EUR/AUD Technical Levels
Technically speaking, the pair is offered at 1.4145 navigating between the supports aligned at 1.4123 (July 5th lows), 1.4071 (July 20th lows) followed by 1.4030 (October 18th lows) and the resistances set at 1.4176 (October 18th highs), 1.4223 (October 16th highs) ahead of 1.4270 (October 10th lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.
Australian data was better than expected, generating a positive reaction among market participants supporting the Aussie.
EUR/AUD Technical Levels
Technically speaking, the pair is offered at 1.4145 navigating between the supports aligned at 1.4123 (July 5th lows), 1.4071 (July 20th lows) followed by 1.4030 (October 18th lows) and the resistances set at 1.4176 (October 18th highs), 1.4223 (October 16th highs) ahead of 1.4270 (October 10th lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.