15 Oct 2013
EUR/AUD trading very bearishly, is oversold and approaching key support at 1.4192
FXstreet.com (Barcelona) - EUR/AUD participants have forgotten where they left the “buy” button over the last 45 days or so. Can things really be that bad in Europe or great in Australia?
EUR/AUD traders reacting to RBA minutes and will have more data to digest later
EUR/AUD traders are meeting the monthly policy meeting minutes with more selling immediately following their release. Later in the saession they will get to react to German Import Prices and German and EuroZone Economic Sentiment.
Technical outlook for EUR/AUD
Technicians say the EUR/AUD is potentially in big trouble if support at 1.4192 does not hold up. Below that level, the minimum downside target would be 1.3835. Resistance for the cross comes in at 1.4559.
EUR/AUD traders reacting to RBA minutes and will have more data to digest later
EUR/AUD traders are meeting the monthly policy meeting minutes with more selling immediately following their release. Later in the saession they will get to react to German Import Prices and German and EuroZone Economic Sentiment.
Technical outlook for EUR/AUD
Technicians say the EUR/AUD is potentially in big trouble if support at 1.4192 does not hold up. Below that level, the minimum downside target would be 1.3835. Resistance for the cross comes in at 1.4559.