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26 Feb 2014
EUR/AUD benefits and rockets up to 1.5322
FXStreet (Guatemala) - EUR/AUD has benefitted from 1.5250 on a run on the Aussie.
EUR/AUD has been edging up from the 1.52 handle into bullish territory after the onslaught on this weeks opening business done at 1.5320 through into the 1.5180’s. The pair is gaining traction again supported on business confidence in Europe’s largest contributor with German’s outlook improving as well as a minor adjustment to the inflationary conditions in the EZ, which are easing pressures for the ECB to take action just yet. On this move, there are indictors in RSI (14) below 70 that is signifying that there is more room at the top through 1.5315/20 resistance and possibly onto test 1.5347 recent highs. From that calendar today, we have just seen Australian 4Q Construction disappointing falling 1% vs an estimate of +0.2%. RBA Governor Stevens is listed to attend an event in Melbourne but it is closed to media.
EUR/AUD has been edging up from the 1.52 handle into bullish territory after the onslaught on this weeks opening business done at 1.5320 through into the 1.5180’s. The pair is gaining traction again supported on business confidence in Europe’s largest contributor with German’s outlook improving as well as a minor adjustment to the inflationary conditions in the EZ, which are easing pressures for the ECB to take action just yet. On this move, there are indictors in RSI (14) below 70 that is signifying that there is more room at the top through 1.5315/20 resistance and possibly onto test 1.5347 recent highs. From that calendar today, we have just seen Australian 4Q Construction disappointing falling 1% vs an estimate of +0.2%. RBA Governor Stevens is listed to attend an event in Melbourne but it is closed to media.