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4 Mar 2015
EUR/AUD slides to 1.4204
FXStreet (Mumbai) - EUR/AUD fell sharply to fresh two month lows in the European session largely on the euro weakness against the US dollar as the greenback rises to eleven year high levels.
EUR/AUD supported above 1.4200
Currently, the EUR/AUD cross fell -0.56% and trades close fresh tow month lows highs of 1.4204. The cross extended its downslide after the euro fell to lowest in five weeks against the greenback the EU court said that the ECB doesn't have the power to dictate clearing location and lost the case to the UK, which sent the EUR/USD plummeting another 50 pips. On the other hand, the Aussie remained supported against the US dollar on the back of upbeat Aus GDP data release earlier.
In the day ahead, the cross may find fresh cues from US macro data. At the moment, the AUD/USD pair higher by 0.11% at 0.7824. While EUR/USD trades lower by -0.44% at 1.1125 levels.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4263 levels, above which gains could be extended to 1.4300 levels. On the flip side, support is seen at 1.4200 levels, from here it to 1.4140 levels.
EUR/AUD supported above 1.4200
Currently, the EUR/AUD cross fell -0.56% and trades close fresh tow month lows highs of 1.4204. The cross extended its downslide after the euro fell to lowest in five weeks against the greenback the EU court said that the ECB doesn't have the power to dictate clearing location and lost the case to the UK, which sent the EUR/USD plummeting another 50 pips. On the other hand, the Aussie remained supported against the US dollar on the back of upbeat Aus GDP data release earlier.
In the day ahead, the cross may find fresh cues from US macro data. At the moment, the AUD/USD pair higher by 0.11% at 0.7824. While EUR/USD trades lower by -0.44% at 1.1125 levels.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4263 levels, above which gains could be extended to 1.4300 levels. On the flip side, support is seen at 1.4200 levels, from here it to 1.4140 levels.