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4 Nov 2013
EUR/AUD at 81.8% Fibo above 1.4270
FXstreet.com (Chicago) - EUR/AUD presents heavy buying ahead of Australian data releases and the ECB interest rate decision later this week.
Australian data due today: TD Securities, ANZ job advertisements, house price indexes and retail sales results. In Europe: manufacturing data and ECB monetary decision this Thursday. Price action reveals a pair that flows around the 81.8% Fibonacci level after finding grounds and stopping the bleeding from 1.4520 monthly highs.
EUR/AUD Technical Levels
Technically speaking, the pair is offered at 1.4275 and oscillates between the supports aligned at 1.4241 (October 16th highs), 1.4176 (October 18th highs) ahead of 1.4123 (October 21st lows) and the resistances set at 1.4284 (October 10th lows), 1.4365 (October 10th highs) followed by 1.4418 (October 25th highs).
Australian data due today: TD Securities, ANZ job advertisements, house price indexes and retail sales results. In Europe: manufacturing data and ECB monetary decision this Thursday. Price action reveals a pair that flows around the 81.8% Fibonacci level after finding grounds and stopping the bleeding from 1.4520 monthly highs.
EUR/AUD Technical Levels
Technically speaking, the pair is offered at 1.4275 and oscillates between the supports aligned at 1.4241 (October 16th highs), 1.4176 (October 18th highs) ahead of 1.4123 (October 21st lows) and the resistances set at 1.4284 (October 10th lows), 1.4365 (October 10th highs) followed by 1.4418 (October 25th highs).