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EUR/AUD holding fire on the downside

FXStreet (Guatemala) - EUR/AUD is trading at 1.4078, up 0.06% on the day, having posted a daily high at 1.4083 and low at 1.4064.

EUR/AUD bears are settled up here while we now await the ECB Val Bednarik, Chief analyst at FXStreet explained that the Central Bank is expected to remain on hold, keeping the waiting and see stance for at least 1 more month, with Draghi probably trying to down talk the EUR. Meanwhile, EUR/AUD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.

EUR/AUD hourly levels

With spot trading at 1.4078, we can see next resistance ahead at 1.4083, 1.4088, 1.4092 (Daily Classic S1), 1.4095 (Hourly 100 SMA) and 1.4112 (Weekly Classic PP). Support below can be found at 1.4040 and 1.4025 ahead of deeper weekly supports at 1.3910 and 1.3805.

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