EURAUD prints new monthly high!

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Key Support: 1.60 Key Resistance: 1.6150 The EURCAD printed an inside week last week after a massive +2.30% (+357 pips) week the week before. This is extremely bullish and we are looking to monetize on a break of that week´s highs. The short term is looking very bullish with price trading inside a very structured […]

EUR/AUD Leg Higher On Cards!

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EUR/AUD flirts with a strong resistance area after jumping above some near-term obstacles. The pair have shown reversal signals, but we still need confirmation before going long. The price action indicated that the downside movement is over and that the pair may develop a new leg higher. The volatility is high in the short term, […]

EUR/AUD Price Analysis — February 11

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The EUR/AUD pair traded with a slightly bearish tone in the early European session on Thursday, as investors take trading clues from the broader market risk mood. Earlier today, the DAX futures contract in Germany traded up by +0.1%, CAC 40 futures in France was up by +0.1%, and the FTSE futures contracts in the […]

EUR/AUD Price Analysis — February 4

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The EUR/AUD traded on a downbeat momentum in the early European session on Thursday, as the EUR comes under pressure from the ECB. European Central Bank member Klaas Knot recently complained bitterly about the high valuation of the euro, noting that the institution had the tools to tackle this problem. Not so long later, reports […]

EUR/AUD Price Analysis — January 28

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The EUR/AUD traded on a very bullish momentum in the early European session on Thursday, as the prevailing market risk mood has sent the Aussie on a bearish spiral against other major currencies. Germany reported yesterday that the country’s Business Confidence has dropped from 92.2 in December to 90.1 in January. This decline has placed […]

EUR/AUD Price Analysis — January 21

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The EUR/AUD is starting to gain some bullish momentum, following a retest and rejection from the 1.5600 support level and a bullish Euro. The European Union (EU) reported yesterday that the Euro Area Inflation Rate dropped by 0.3% YoY in December, while the Core Inflation Rate rose by 0.2%—fulfilling analysts’ forecasts. Meanwhile, prices remained weakened […]

EUR/AUD Price Analysis — January 14

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The EUR/AUD continued on a sharp descent towards the 1.5600 in the mid-European session on Thursday, amid a weakening Euro. The political uncertainty in Italy has caused investors to become reserved towards the EUR. Three ministers from the ruling coalition resigned yesterday, putting the future Prime Minister, Giuseppe Conte, in a precarious position. If Conte […]

EUR/AUD Price Analysis — January 7

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The EUR/AUD traded on a sideways momentum around 1.5835 on Thursday, amid chaos in US Capitol. The Euro has been largely influenced by movement in rival currencies. However, the Eurozone’s upbeat economic recovery outlook continues to steady the currency against drastic fluctuations in rival currencies. Meanwhile, this week’s EUR/AUD price movement has been directed by […]

EUR/AUD Price Analysis — December 31

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The EUR/AUD continued on a bearish decline in the early European session on Thursday, as the risk-backed Aussie soars amid efforts by the ECB to weaken the Euro. ECB Governing Council Member Oli Rehn reiterated comments made by other ECB members—like President Christine Lagarde, Francois Villeroy de Galhau, and Philip Lane—that ‘jawboned’ the EUR. Comments […]

Annual Forecast for EUR/AUD (2021): Prolonged Consolidation Lies Ahead

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The EUR/AUD has had a rather tumultuous year but has managed to end almost exactly where it began, 1.6100. Before we go into the technicals, let us look at some of the fundamental factors that could affect this pair in 2021. The European Central Bank plans to weaken the Euro to prop up the Eurozone’s […]