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EUR/AUD consolidating in nervous conditions

FXStreet (Guatemala) - EUR/AUD is trading at 1.4438, down -0.05% on the day, having posted a daily high at 1.4468 and low at 1.4436.

EUR/AUD has staved off the downside here in a consolidation phase after the a bid Aussie when traders lapped up the surprise retail sales improvements yesterday. Overall, markets are in standby ahead of the ECB but ANZ research team gave a word fo caution in respect of being “too” bearish in respect of the euro and said, “ In Europe in particular, growth expectations may be close to a nadir, urging caution about being too EUR bearish at these levels”.

EUR/AUD noteworthy levels

Current price is 1.4438, with resistance ahead at 1.4446, 1.4463 (Weekly Classic PP) and 1.4475 (Hourly 200 SMA). Next support to the downside can be found at 1.4436, 1.4416 (Daily 100 SMA), 1.4384 and 1.4373 (Daily Classic S1).

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