11 Nov 2013
EUR/AUD flirts with 1.4140 resistance
FXstreet.com (Chicago) - EUR/AUD trades at high altitudes on corrective move after managing to sustain the 1.4240 zone ahead of data due in Australia.
Markets in Europe will be closed on Armistice Day while Australia expected home loan results along investment lending for homes data.
EUR/AUD Technical Levels
Technically speaking, the pair is offered at 1.4237 and oscillates between the supports aligned at 1.4176 (September 18th lows), 1.4123 (October 18th lows) ahead of 1.4062 (November 7th lows) and the resistances aligned at 1.4241 (September 9th lows), 1.4419 (October 25th highs) followed by 1.4527 (October 30th highs). According to the FXstreet.com trend index the pair is slightly bullish and navigates above the EMA20.
Markets in Europe will be closed on Armistice Day while Australia expected home loan results along investment lending for homes data.
EUR/AUD Technical Levels
Technically speaking, the pair is offered at 1.4237 and oscillates between the supports aligned at 1.4176 (September 18th lows), 1.4123 (October 18th lows) ahead of 1.4062 (November 7th lows) and the resistances aligned at 1.4241 (September 9th lows), 1.4419 (October 25th highs) followed by 1.4527 (October 30th highs). According to the FXstreet.com trend index the pair is slightly bullish and navigates above the EMA20.