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EUR/AUD attempting a bullish Asian close

FXStreet (Guatemala) - EUR/AUD is trading at 1.4550, up 0.10% on the day, having posted a daily high at 1.4557 and low at 1.4534.

EUR/AUD backed off from the highs on the 1.46 handle and met territory over a full cent lower overnight. The Germany manufacturing and services PMI’s disappointed while the Aussie in its own right, or as a bi-product of the greenback at least, moved up and back onto the 0.86 handle in a defiant attempt to remain in neutral/negative territory and off the yearly lows.

The cross here is attempting a less negative shift on the last trading session in Asia this week and above 1.4520, the pair remains in bullish territory and above the pivot at least. 1.4720 would act as next target for the bulls and rallies up and onto 1.48 would bring in the 1.50 psychological target and May highs.

EUR/AUD noteworthy levels

Current price is 1.4551, with resistance ahead at 1.4552 (Hourly 20 EMA), 1.4580 and 1.4616 (Daily 200 SMA). Next support to the downside can be found at 1.4538 (Weekly Classic R2) and 1.4505 (Daily Classic PP).

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