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EUR/AUD losing its perch on the forex ticker

FXStreet (Guatemala) - EUR/AUD is trading at 1.4471, down -0.37% on the day, having posted a daily high at 1.4594 and low at 1.4430.

EUR/AUD came off its perch on the back of the ECB statement which painted a dovish story with the European Union very much in need. The greenback soared through the forex market. Crosses on the EUR base dropped back sharply. EUR/AUD gave up over 100 pips worth of ground made from this week’s open but support is keeping the bears at bay for the time being at the lowest point of the drop today. The next catalyst the forex markets are looking for will come in the form of Nonfarm Payrolls. A positive number will likely damage the EUR forex price further and 1.4400 may come under pressure.

EUR/AUD noteworthy levels

Spot is presently trading at 1.4472, and next resistance can be seen at 1.4472 (Daily Classic PP), 1.4514 (Hourly 20 EMA) and 1.4531 (Weekly Classic R2). Support below can be found at 1.4430 (Daily Low), 1.4413 (Daily 20 SMA), 1.4390 (Hourly 100 SMA), 1.4384 (Weekly Classic R1) and 1.4382 (Daily Classic S1).

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