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15 Jul 2013
EUR/AUD falls below 1.4400 levelThe EUR/AUD technical cross has started off the week trading negatively and falling below the 1.4400 barrier Monday.
FXstreet.com (New York) - The EUR/AUD technical cross has started off the week trading negatively and falling below the 1.4400 barrier Monday.
Monday will prevent a multitude of stimuli for the EUR/AUD, as economic data is expected to be released out of both Australia and China – the latter of which will be revealing GDP data and other figures starting at 2:00 GMT.
EUR/AUD strategic bias
Presently, the EUR/AUD is now trading at 1.3992, establishing fresh lows during Asian trading and descending below its 55-day MA, whilst incurring a loss of -0.13% in these moments. Should the losses mount, the EUR/AUD will encounter supportive means at 1.4370, ahead of 1.4346 (200-day SMA).
Monday will prevent a multitude of stimuli for the EUR/AUD, as economic data is expected to be released out of both Australia and China – the latter of which will be revealing GDP data and other figures starting at 2:00 GMT.
EUR/AUD strategic bias
Presently, the EUR/AUD is now trading at 1.3992, establishing fresh lows during Asian trading and descending below its 55-day MA, whilst incurring a loss of -0.13% in these moments. Should the losses mount, the EUR/AUD will encounter supportive means at 1.4370, ahead of 1.4346 (200-day SMA).