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17 Sep 2013
EUR/AUD ripping after an initial drop post-Aussie minutes
FXstreet.com (Barcelona) - Traders sold off the EUR/AUD cross immediately following the release of the minutes from the monthly policy meeting. However, the cross quickly tuned and ripped to the upside triggering short-covering on top of organic buying.
EUR/AUD traders to monitor Economic Sentiment surveys in Europe
Now that the RBA minutes are behind them EURAUD traders will soon turn their attention to the ZEW Economic Sentiment Surveys for Germany and the EuroZone later on Tuesday.
Technical outlook for EUR/AUD
Technicians say “correction resistance” for EUR/AUD comes in at 1.4300 to 1.4450 on a very short-term basis. Support comes in at the post-RBA spike low at 1.4281 and is backed up by the recent low at 1.4220.
EUR/AUD traders to monitor Economic Sentiment surveys in Europe
Now that the RBA minutes are behind them EURAUD traders will soon turn their attention to the ZEW Economic Sentiment Surveys for Germany and the EuroZone later on Tuesday.
Technical outlook for EUR/AUD
Technicians say “correction resistance” for EUR/AUD comes in at 1.4300 to 1.4450 on a very short-term basis. Support comes in at the post-RBA spike low at 1.4281 and is backed up by the recent low at 1.4220.