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12 Mar 2014
EUR/AUD jumps above 1.5400
FXStreet (Córdoba) - The EUR/AUD soared during the American session and peaked at 1.5468, reaching the highest price since March 3; posting on Tuesday the third daily gain in a row.
During the European session the EUR/AUD, that was moving with a bearish bias found support at 1.5310 and rebounded accelerating as the AUD/USD dropped below 0.9000 and the EUR/USD trimmed losses.
In the last hours of Wall Street the EUR/AUD pulled back slightly to finish around 1.5440, 130 pips above daily lows and remains steady early in Asia.
Eyes on February highs
The rally brought the price close to February highs that are located barely below 1.5500. The mentioned level is the key resistance to the upside. If it breaks higher the EUR/AUD would be trading at levels not seen since January 31.
During the European session the EUR/AUD, that was moving with a bearish bias found support at 1.5310 and rebounded accelerating as the AUD/USD dropped below 0.9000 and the EUR/USD trimmed losses.
In the last hours of Wall Street the EUR/AUD pulled back slightly to finish around 1.5440, 130 pips above daily lows and remains steady early in Asia.
Eyes on February highs
The rally brought the price close to February highs that are located barely below 1.5500. The mentioned level is the key resistance to the upside. If it breaks higher the EUR/AUD would be trading at levels not seen since January 31.