26 Jun 2015
EUR/AUD: Risks on Greece on the weekend
FXStreet (Guatemala) - EUR/AUD is currently trading at 1.4497 with a high of 1.4506 and a low of 1.4468.
EUR/AUD is picking up some ground on the bid as the Aussie tails away as Tokyo gets going for the last session of the week. Aussie has dropped below overnight lows and is testing the 0.7710 support currently. A break of which brings June lows back in to focus.
Meanwhile, the upside may be somewhat limited as the Greek negotiations are still a long away off from conclusions and indeed another Eurogroup meeting is scheduled to take place over the weekend in Europe. Talks will need to continue before anything can be decided one way or another and a Grexit could be back on the cards. However, Tsipras is still confident and convinced that a deal will be done. Technically, 1.4406 is key on the downside while a breach of 1.4510 on extended demand culd bring in scope for a retest of 1.4580 resistance.
EUR/AUD is picking up some ground on the bid as the Aussie tails away as Tokyo gets going for the last session of the week. Aussie has dropped below overnight lows and is testing the 0.7710 support currently. A break of which brings June lows back in to focus.
Meanwhile, the upside may be somewhat limited as the Greek negotiations are still a long away off from conclusions and indeed another Eurogroup meeting is scheduled to take place over the weekend in Europe. Talks will need to continue before anything can be decided one way or another and a Grexit could be back on the cards. However, Tsipras is still confident and convinced that a deal will be done. Technically, 1.4406 is key on the downside while a breach of 1.4510 on extended demand culd bring in scope for a retest of 1.4580 resistance.