23 Dec 2014
EUR/AUD in consolodation below Dec highs
FXStreet (Guatemala) - EUR/AUD is trading at 1.5054, up 0.13% on the day, having posted a daily high at 1.5065 and low at 1.5024.
EUR/AUD is consolidating around the 1.5040 support amongst a choppy and congested area between 1.5000 and 1.5070 channel’s range. The price action is a consolidation of the run up from 1.4600 in the course of December and up to territory at 1.5333 the high.
The Euro has been on the offer into the closing sessions of December and 2014 amongst risk on sentiment and real money moving away from the Eurozone and into US dollar denominated asset purchases, strengthening the greenback on the tone of divergence between the Centrals Banks policies. This has resulted in the cross coming back off the highs scored post the RBA the jawboning and a number of other elements that have been sighted to weigh on the outlook for growth in the Australian economy at the start of 2015.
EUR/AUD is consolidating around the 1.5040 support amongst a choppy and congested area between 1.5000 and 1.5070 channel’s range. The price action is a consolidation of the run up from 1.4600 in the course of December and up to territory at 1.5333 the high.
The Euro has been on the offer into the closing sessions of December and 2014 amongst risk on sentiment and real money moving away from the Eurozone and into US dollar denominated asset purchases, strengthening the greenback on the tone of divergence between the Centrals Banks policies. This has resulted in the cross coming back off the highs scored post the RBA the jawboning and a number of other elements that have been sighted to weigh on the outlook for growth in the Australian economy at the start of 2015.