11 Dec 2014
EUR/AUD finding demand against supply to key support
FXStreet (Guatemala) - EUR/AUD is trading at 1.4934, down -0.10% on the day, having posted a daily high at 1.4990 and low at 1.4909.
EUR/AUD has found a bit of demand after dropping out from the 1.50 handle overnight. First spot of demand came at 1.4950 ahead of 1.4920. The second bout of selling came as the Australian jobs report gave the Aussie a lift and at the same time, the greenback was pushing back on the EUR. The cross now is finding demand and moves on up to 1.4940 at the time of writing, recouping 20 pips.
EUR/AUD noteworthy levels
With spot trading at 1.4935, we can see next levels ahead at 1.4936 (Daily Classic PP), 1.4937 (Hourly 20 EMA), 1.4949 (Daily Open), 1.4980 and 1.5020 resistance. To the downside we have 1.4909 (Daily Low), 1.4864 (Weekly Classic R1), 1.4855 (Hourly 100 SMA), 1.4854 (Daily Classic S1) and 1.4840 (Yesterday's Low).
EUR/AUD has found a bit of demand after dropping out from the 1.50 handle overnight. First spot of demand came at 1.4950 ahead of 1.4920. The second bout of selling came as the Australian jobs report gave the Aussie a lift and at the same time, the greenback was pushing back on the EUR. The cross now is finding demand and moves on up to 1.4940 at the time of writing, recouping 20 pips.
EUR/AUD noteworthy levels
With spot trading at 1.4935, we can see next levels ahead at 1.4936 (Daily Classic PP), 1.4937 (Hourly 20 EMA), 1.4949 (Daily Open), 1.4980 and 1.5020 resistance. To the downside we have 1.4909 (Daily Low), 1.4864 (Weekly Classic R1), 1.4855 (Hourly 100 SMA), 1.4854 (Daily Classic S1) and 1.4840 (Yesterday's Low).