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21 Feb 2014
EUR/AUD is not ready to fall below 1.5200 yet
FXStreet (Moscow) - EUR/AUD came close to the pivotal support level of 1.5200 early in Asia, but didn’t dare to touch and retraced back to the opening levels.
EUR/AUD doesn’t know where to go
EUR/AUD set the intraday high at 1.5385 in Thursday, but retraced below 1.5300 and closed nearly unchanged at 1.5255. The movements were defined mainly by fundamental data: first, Chinese PMI sent the Aussie down across the board, then European PMI triggered broad based Euro selling. Today both Australian and European calendar is empty, so EUR/AUD is likely to sit quietly in the broad range, consolidating ahead of the weekend and waiting for comments from finance ministers and central bankers of G20. The key intraday support is 1.5200, if broken, the cross will continue to fall and may touch the support of 1.5168. The intraday upside is likely to be limited by 1.5300.
What are today’s key EUR/AUD levels?
Today's central pivot point can be found at 1.5273, with the support at 1.5157, 1.5089 and 1.4973, with resistance above at 1.5341, 1.5457 and 1.5525. Hourly Moving Averages are mixed, with the 200SMA at 1.5191 and the daily 20EMA at 1.5258. Hourly RSI is neutral at 50.
EUR/AUD doesn’t know where to go
EUR/AUD set the intraday high at 1.5385 in Thursday, but retraced below 1.5300 and closed nearly unchanged at 1.5255. The movements were defined mainly by fundamental data: first, Chinese PMI sent the Aussie down across the board, then European PMI triggered broad based Euro selling. Today both Australian and European calendar is empty, so EUR/AUD is likely to sit quietly in the broad range, consolidating ahead of the weekend and waiting for comments from finance ministers and central bankers of G20. The key intraday support is 1.5200, if broken, the cross will continue to fall and may touch the support of 1.5168. The intraday upside is likely to be limited by 1.5300.
What are today’s key EUR/AUD levels?
Today's central pivot point can be found at 1.5273, with the support at 1.5157, 1.5089 and 1.4973, with resistance above at 1.5341, 1.5457 and 1.5525. Hourly Moving Averages are mixed, with the 200SMA at 1.5191 and the daily 20EMA at 1.5258. Hourly RSI is neutral at 50.