EUR/AUD Price Analysis — January 14

Azeez Mustapha



Select a Plan


 1-month subscription



 3-month subscription



 6-month subscription



 lifetime subscription



 Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored


Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

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 is unable to assemble a new majority soon, it is likely he will be dropped from the new government. However, early elections are not likely to be organized because of the pandemic, not at least every other option has been exhausted by the parliament.

Meanwhile, the ECB’s PEPP has been very instrumental for the Italian debt market and will likely keep negative effects from the political fallout at bay, especially considering that the ECB has just expanded its planned purchases to EUR1.85 trillion. Italy is also scheduled to receive EUR208 billion of EU Recovery Funds. That said, these factors should prevent unrestrained declines for the EUR in the near-term,

In other news, a near-total wipeout of COVID-19, an upbeat global market risk mood, and pro-cyclical exposure to Asian demand have been very helpful in driving the price of Aussie higher. That said, speculators are starting to suggest that the RBA might push against a strong AUD through further dovish monetary policies.

EURAUD – 4-Hour Chart

EUR/AUD Value Forecast — January 14

EUR/AUD Major Bias: Bearish

Supply Levels: 1.5675, 1.5800, and 1.5900

Demand Levels: 1.5600, 1.5500, and 1.5400

The EUR/AUD is barreling down our descending channel as the 1.5600 psychological support comes into view for the first time in more than two years. Bulls could take advantage of the fact that the pair has gotten to the base of our channel as an opportunity to take the price higher.

That said, failure of the EUR/AUD to facilitate a bounce above the 1.5675 resistance in the coming hours and days could confirm a descent to the 1.5600 and lower.

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *