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4 Feb 2015
EUR/AUD pulls away from 1-month highs, hovers around 1.4700
FXStreet (Mumbai) - The common currency moved away from its one month high versus the Australian dollar and remains subdued as cheerful Euro zone PMI readings failed to lift the euro.
Recovers from day’s lows at 1.4630
Currently, the EUR/AUD cross trades at 1.4699 levels, losing -0.24% on the day, having previously posted day’s high at 1.4775 levels. The Australian dollar regained footing against the single currency after talks of Chinese stimulus in the infrastructure sector pushed the Aussie higher.
Moreover, the Euro continues to remain pressured as traders seem to be unimpressed by the bullish PMIs report across the Euro zone and have turned their focus on retails sales data from the 19-nation bloc due for release in some time.
At the moment, the AUD/USD pair trades at 0.7804, up 0.15% on the day. While EUR/USD trades flat at 1.1470 levels.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4775 levels, above which gains could be extended to 1.4859 levels. On the flip side, support is seen at 1.4665 levels, from here it to 1.4630 levels.
Recovers from day’s lows at 1.4630
Currently, the EUR/AUD cross trades at 1.4699 levels, losing -0.24% on the day, having previously posted day’s high at 1.4775 levels. The Australian dollar regained footing against the single currency after talks of Chinese stimulus in the infrastructure sector pushed the Aussie higher.
Moreover, the Euro continues to remain pressured as traders seem to be unimpressed by the bullish PMIs report across the Euro zone and have turned their focus on retails sales data from the 19-nation bloc due for release in some time.
At the moment, the AUD/USD pair trades at 0.7804, up 0.15% on the day. While EUR/USD trades flat at 1.1470 levels.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4775 levels, above which gains could be extended to 1.4859 levels. On the flip side, support is seen at 1.4665 levels, from here it to 1.4630 levels.