Back
24 Feb 2015
EUR/AUD: Flat in technically bearish territory
FXStreet (Guatemala) - EUR/AUD is currently trading at 1.4520 with a high of 1.4536 and a low of 1.4522.
EUR/AUD is flat and oscillates at 1.4520, being a non event currently as the markets sit back, take a breather from the activity of last week and await Yellen tomorrow and other key speeches from the likes of Draghi and Poloz.
In respect to Greece, we are still in wait and see mode, with the markets favouring a positive outcome now that there is a deal that has been agreed, although the procedures in securing the release of funding are onerous and Greece have already delayed on the submission of the first stage of the procedures which were due overnight; they are promised to be delivered in the next 12hrs instead. Technically the pair is below the mid point of the downtrend from above 1.5330 and 1.4400 supports the cross on the downside, trading with a bearish bias.
EUR/AUD is flat and oscillates at 1.4520, being a non event currently as the markets sit back, take a breather from the activity of last week and await Yellen tomorrow and other key speeches from the likes of Draghi and Poloz.
In respect to Greece, we are still in wait and see mode, with the markets favouring a positive outcome now that there is a deal that has been agreed, although the procedures in securing the release of funding are onerous and Greece have already delayed on the submission of the first stage of the procedures which were due overnight; they are promised to be delivered in the next 12hrs instead. Technically the pair is below the mid point of the downtrend from above 1.5330 and 1.4400 supports the cross on the downside, trading with a bearish bias.