Back
22 Oct 2013
EUR/AUD shifting along sideways below broken support / now resistance at 1.4192
FXstreet.com (Barcelona) - EUR/AUD is biding time before what should be another shot to the downside – toward projected support at 1.3835.
EUR/AUD traders to focus on busy data calendar this week
There’s no data due out from Europe and Australia during the Tuesday trading session – although Aussie Leading Indicators will be released early into the Wednesday session. As a result, trading is likely to be fairly subdued in the
EUR/AUD cross on Tuesday.
Technical outlook for EUR/AUD
Technicians say the EUR/AUD should accelerate to the down side now that 1.4192 failed to hold up as support. The next projected target is 1.3835. Resistance for the cross comes in at the broken support at 1.4192.
EUR/AUD traders to focus on busy data calendar this week
There’s no data due out from Europe and Australia during the Tuesday trading session – although Aussie Leading Indicators will be released early into the Wednesday session. As a result, trading is likely to be fairly subdued in the
EUR/AUD cross on Tuesday.
Technical outlook for EUR/AUD
Technicians say the EUR/AUD should accelerate to the down side now that 1.4192 failed to hold up as support. The next projected target is 1.3835. Resistance for the cross comes in at the broken support at 1.4192.