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5 Jan 2015
EUR/AUD hovers around 1.48 handle
FXStreet (Mumbai) - The single currency turned lower against the Australian dollar, shaving off gains from the Asian session, ahead of a set of Euro zone data releases due out shortly.
The EUR/AUD pair now trades at 1.4798 levels, down -0.24% on the day, having clocked intraday high at 1.4863 levels in the Asian session. The EUR/AUD remains ticked down as concerns over Greece political and financial crisis, eventually causing Grexit from the Euro zone resurfaced, which dragged the Euro lower versus the Aussie. Moreover, a recovering Australian dollar against its US counterpart from fresh 5-1/2 year lows also weighed on the EUR/AUD cross.
The EUR/AUD pair remains vulnerable to downside bias ahead of German CPI print and Euro zone Investor Confidence numbers.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4876 (Dec 31 High) levels, above which gains could be extended to 1.4903 (Dec 11 Low) levels. On the flip side, support is seen at 1.4742 (Dec 8 Low) levels, from here it to 1.47 levels.
The EUR/AUD pair now trades at 1.4798 levels, down -0.24% on the day, having clocked intraday high at 1.4863 levels in the Asian session. The EUR/AUD remains ticked down as concerns over Greece political and financial crisis, eventually causing Grexit from the Euro zone resurfaced, which dragged the Euro lower versus the Aussie. Moreover, a recovering Australian dollar against its US counterpart from fresh 5-1/2 year lows also weighed on the EUR/AUD cross.
The EUR/AUD pair remains vulnerable to downside bias ahead of German CPI print and Euro zone Investor Confidence numbers.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4876 (Dec 31 High) levels, above which gains could be extended to 1.4903 (Dec 11 Low) levels. On the flip side, support is seen at 1.4742 (Dec 8 Low) levels, from here it to 1.47 levels.