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17 Mar 2014
EUR/AUD breaks below 1.5400 early on Monday
FXStreet (Moscow) - EUR/AUD is under selling pressure early on Monday as the cross touched the intraday low of 1.5384 after opening at 1.5422. The negative sentiments are still dominant.
EUR/AUD has fallen victim to Draghi’s comments
It seems that EUR/AUD attempts to settle down above 1.5400 failed as it moved below this threshold early in Asia. The singe currency is under selling pressure nowadays as the Head of the ECB Mario Draghi strongly disapproved the rise of the single currency as it high tens the deflation threat in Eurozone. This idea may discourage the EUR bulls across the board this week. Though, AUD bulls are not in a hurry either as China concerns and geopolitical tensions play against the Australian economy. On the intraday basis the cross needs to return above 1.5400 to brighten its short-term perspectives and move to current Asian high at 1.5427. On the downside the first support comes at 1.5380 and followed by 1.5360.
What are today’s key EUR/AUD levels?
Today's central pivot point can be found at 1.5393, with the support at 1.5349, 1.5281 and 1.5243, with resistance above at 1.5455, 1.5499 and 1.5561. Hourly Moving Averages are mixed, with the 200SMA at 1.5348 and the daily 20EMA at 1.5338. Hourly RSI is neutral at 51.
EUR/AUD has fallen victim to Draghi’s comments
It seems that EUR/AUD attempts to settle down above 1.5400 failed as it moved below this threshold early in Asia. The singe currency is under selling pressure nowadays as the Head of the ECB Mario Draghi strongly disapproved the rise of the single currency as it high tens the deflation threat in Eurozone. This idea may discourage the EUR bulls across the board this week. Though, AUD bulls are not in a hurry either as China concerns and geopolitical tensions play against the Australian economy. On the intraday basis the cross needs to return above 1.5400 to brighten its short-term perspectives and move to current Asian high at 1.5427. On the downside the first support comes at 1.5380 and followed by 1.5360.
What are today’s key EUR/AUD levels?
Today's central pivot point can be found at 1.5393, with the support at 1.5349, 1.5281 and 1.5243, with resistance above at 1.5455, 1.5499 and 1.5561. Hourly Moving Averages are mixed, with the 200SMA at 1.5348 and the daily 20EMA at 1.5338. Hourly RSI is neutral at 51.