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8 Jul 2013
EUR/AUD edging higher at opening
FXstreet.com (New York) - The EUR/AUD technical cross has been relatively sideways thus far during Asian trading, as investors kick off a busy week in the Europe.
EUR/AUD trading at 20-day SMA
Presently, the EUR/AUD foreign exchange rate is now trading at 1.4163 or +0.09% thus far, holding onto Friday’s gains. Technically speaking, the pair is now operating at its 20-day SMA and will look to resistance at its 1.4181 (200-day SMA). Conversely, the EUR/AUD will encounter support at 1.4130 (55-day MA).
EUR/AUD focus turns to EUR
The datawires are looking rather thin in Australia with the exception of later today at 01:30, where ANZ Job Advertisements will be reported. In addition, in Europe, Eurogroup meetings will begin at the start of the week, which will focus on the release of the eighth aid installment to Greece.
EUR/AUD trading at 20-day SMA
Presently, the EUR/AUD foreign exchange rate is now trading at 1.4163 or +0.09% thus far, holding onto Friday’s gains. Technically speaking, the pair is now operating at its 20-day SMA and will look to resistance at its 1.4181 (200-day SMA). Conversely, the EUR/AUD will encounter support at 1.4130 (55-day MA).
EUR/AUD focus turns to EUR
The datawires are looking rather thin in Australia with the exception of later today at 01:30, where ANZ Job Advertisements will be reported. In addition, in Europe, Eurogroup meetings will begin at the start of the week, which will focus on the release of the eighth aid installment to Greece.