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23 May 2014
EUR/AUD bearish ahead of EU elections
FXStreet (Guatemala) - EUR/AUD is trading at 1.4797, down -0.03% on the day, having posted a daily high at 1.4809 and low at 1.4792.
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish. Meanwhile, markets are preparing for next weeks events and analysts at TD Securities explained that the consensus growth expectations are still edging higher for Europe, but at a slower pace than a few months ago. “Mostly negative data surprise indices through the G10 points to little room for further upward revisions in the near future. The week ahead will see EU parliamentary elections and Ukraine elections in focus, although we think that fears around the former are overblown”.
EUR/AUD levels
Spot is presently trading at 1.4798, and next resistance can be seen at 1.4803 (Daily Open), 1.4809 (Daily High), 1.4820 (Daily Classic PP), 1.4824 (Weekly High) and 1.4838 (Weekly Classic R2). Support below can be found at 1.4797 (Hourly 20 EMA), 1.4792 (Daily Low), 1.4779 (Daily 20 SMA), 1.4764 (Daily Classic S1) and 1.4759 (Hourly 100 SMA).
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish. Meanwhile, markets are preparing for next weeks events and analysts at TD Securities explained that the consensus growth expectations are still edging higher for Europe, but at a slower pace than a few months ago. “Mostly negative data surprise indices through the G10 points to little room for further upward revisions in the near future. The week ahead will see EU parliamentary elections and Ukraine elections in focus, although we think that fears around the former are overblown”.
EUR/AUD levels
Spot is presently trading at 1.4798, and next resistance can be seen at 1.4803 (Daily Open), 1.4809 (Daily High), 1.4820 (Daily Classic PP), 1.4824 (Weekly High) and 1.4838 (Weekly Classic R2). Support below can be found at 1.4797 (Hourly 20 EMA), 1.4792 (Daily Low), 1.4779 (Daily 20 SMA), 1.4764 (Daily Classic S1) and 1.4759 (Hourly 100 SMA).