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16 Dec 2014
EUR/AUD riding the ascending trend line
FXStreet (Guatemala) - EUR/AUD is trading at 1.5133, down -0.08% on the day, having posted a daily high at 1.5167 and low at 1.5120.
EUR/AUD has retained a bullish bias that has been underpinned by the Chinese manufacturing PMI miss that read below 50. The bounce from the 0.82 mark offers an indication of the demand that there is at the level and the strong bids that are supporting the Aussie there. Meanwhile, the cross rides the ascending support line as we await data from German in the ZEW numbers and Markit PMI’s.
EUR/AUD noteworthy levels to the downside
Current price is 1.5135 with support to the downside that can be found at 1.5126 (Hourly 20 EMA), 1.5122 (Daily Classic PP), 1.5120 (Daily Low), 1.5052 (Daily Classic S1) and 1.5028 (Yesterday's Low).
EUR/AUD has retained a bullish bias that has been underpinned by the Chinese manufacturing PMI miss that read below 50. The bounce from the 0.82 mark offers an indication of the demand that there is at the level and the strong bids that are supporting the Aussie there. Meanwhile, the cross rides the ascending support line as we await data from German in the ZEW numbers and Markit PMI’s.
EUR/AUD noteworthy levels to the downside
Current price is 1.5135 with support to the downside that can be found at 1.5126 (Hourly 20 EMA), 1.5122 (Daily Classic PP), 1.5120 (Daily Low), 1.5052 (Daily Classic S1) and 1.5028 (Yesterday's Low).