19 Dec 2014
EUR/AUD trades flat, support seen at 5-day SMA levels
FXStreet (Mumbai) - The single currency erased gains from the Asian session and trades flat amid a lack of data for rest of the session.
The EUR/AUD pair now trades almost unchanged at 1.5046 levels, compared to previous day’s close. The pair is likely to remain range bound in absence of no fresh economic news amid low volumes ahead of holiday season. The Euro corrected sharp losses from previous session and continues to be pressured against the Australian dollar.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.5061 (200-day SMA) levels, above which gains could be extended to 1.5114 (50-day SMA) levels. On the flip side, support is seen at 1.5027 (5-day SMA) levels, from here it to 1.5 levels.
The EUR/AUD pair now trades almost unchanged at 1.5046 levels, compared to previous day’s close. The pair is likely to remain range bound in absence of no fresh economic news amid low volumes ahead of holiday season. The Euro corrected sharp losses from previous session and continues to be pressured against the Australian dollar.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.5061 (200-day SMA) levels, above which gains could be extended to 1.5114 (50-day SMA) levels. On the flip side, support is seen at 1.5027 (5-day SMA) levels, from here it to 1.5 levels.