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26 Feb 2015
EUR/AUD falls to fresh session lows below 1.4400
FXStreet (Mumbai) - EUR/AUD gave back previous gains and fell back in red during the European session, as the Australian dollar regained lost ground versus the shared currency.
EUR/AUD slips from 1.4475 levels
Currently, the EUR/AUD cross trades lower by -0.10% at 1.4390, having posted fresh session lows at 1.4380 levels some minutes ago. The cross surrendered previous gains and edged lower largely as the Aussie recovered losses across the board. The Australian dollar regained strength against the euro after falling to day’s low of 1.4491 levels in the early Asia hours. The gains in the EUR/AUD cross were accelerated after the AUD was dragged lower by poor Aus capex data.
The cross keeps losses now largely on Aussie strength ahead of TLTRO results by ECB due shortly. At the moment, the AUD/USD pair higher by 0.28% at 0.7907. While EUR/USD trades higher by 0.13% at 1.1377 levels.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4500 levels, above which gains could be extended to 1.4594 levels. On the flip side, support is seen at 1.4363 levels, from here it to 1.4300 levels.
EUR/AUD slips from 1.4475 levels
Currently, the EUR/AUD cross trades lower by -0.10% at 1.4390, having posted fresh session lows at 1.4380 levels some minutes ago. The cross surrendered previous gains and edged lower largely as the Aussie recovered losses across the board. The Australian dollar regained strength against the euro after falling to day’s low of 1.4491 levels in the early Asia hours. The gains in the EUR/AUD cross were accelerated after the AUD was dragged lower by poor Aus capex data.
The cross keeps losses now largely on Aussie strength ahead of TLTRO results by ECB due shortly. At the moment, the AUD/USD pair higher by 0.28% at 0.7907. While EUR/USD trades higher by 0.13% at 1.1377 levels.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4500 levels, above which gains could be extended to 1.4594 levels. On the flip side, support is seen at 1.4363 levels, from here it to 1.4300 levels.