EUR/AUD reconfirming the downside

FXStreet (Guatemala) - EUR/AUD is trading at 1.4771, down -0.09% on the day, having posted a daily high at 1.4800 and low at 1.4765, the pair continues on a bearish note.

EUR/AUD looks to the European PMI’s this week and the CPI details from Australia, while today, the calendar offers very little to work from. Meanwhile, EUR/AUD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.

RSI is on the rise

RSI in neutral territory at 37.98, up from it’s last hourly close at 36.96, while ADX is trending above 30 at 36.38, up from 20.62 at the last hourly close. Looking to a daily chart, we see that RSI is neutral at 41.12. The 200 SMA is currently at 1.4802, up from 1.4763 at the last period close, and climbing on the hourly EUR/AUD chart.

EUR/AUD Levels

Current price is 1.4773, with resistance ahead at 1.4780 (Daily Classic S1), 1.4788 (Daily Open), 1.4788 (Hourly 100 SMA), 1.4791 (Hourly 20 EMA) and 1.4800 (Daily Classic PP). Next support to the downside can be found at 1.4770 (Daily Classic S2), 1.4766 (Yesterday's Low), 1.4765 (Daily Low), 1.4764 (Weekly Classic PP) and 1.4763 (Hourly 200 SMA).