Back
20 Aug 2013
EUR/AUD ripping higher short-term in reaction to the RBA meeting minutes
FXstreet.com (Barcelona) - A bearish interpretation of the RBA’s Monthly Meeting Minutes sends the EUR/AUD almost vertically higher early Tuesday.
EUR/AUD’s sharp rally appears to be part of a larger consolidation
The Reserve Bank of Australia’s monthly Policy Meeting Minutes came out Tuesday and were interpreted as being AUD-bearish. Combined with recent bullish European data, the news forced the EUR/USD sharply higher on a short-term basis.
Technical outlook for EUR/AUD
Elliott Wave Technicians say that EUR/AUD’s sharp rally appears to be part of a larger consolidation
The Reserve Bank of Australia’s monthly Policy Meeting Minutes came out Tuesday and were interpreted as being AUD-bearish. Combined with recent bullish European data, the news forced the EUR/USD sharply higher on a short-term basis.
Technical outlook for EUR/AUD
Elliott Wave Technicians say that EUR/AUD is in wave “v of 5 of III” higher with an upside target of 1.5054 (from 1.4705). Support for EUR/AUD comes in at 1.4600 and is backed up by more substantial support at 1.4442 at the 8/19 low.
">EUR/AUD is in wave “v of 5 of III” higher with an upside target of 1.5054 (from 1.4705). Support for EUR/AUD comes in at 1.4600 and is backed up by more substantial support at 1.4442 at the 8/19 low.
EUR/AUD’s sharp rally appears to be part of a larger consolidation
The Reserve Bank of Australia’s monthly Policy Meeting Minutes came out Tuesday and were interpreted as being AUD-bearish. Combined with recent bullish European data, the news forced the EUR/USD sharply higher on a short-term basis.
Technical outlook for EUR/AUD
Elliott Wave Technicians say that EUR/AUD’s sharp rally appears to be part of a larger consolidation
The Reserve Bank of Australia’s monthly Policy Meeting Minutes came out Tuesday and were interpreted as being AUD-bearish. Combined with recent bullish European data, the news forced the EUR/USD sharply higher on a short-term basis.
Technical outlook for EUR/AUD
Elliott Wave Technicians say that EUR/AUD is in wave “v of 5 of III” higher with an upside target of 1.5054 (from 1.4705). Support for EUR/AUD comes in at 1.4600 and is backed up by more substantial support at 1.4442 at the 8/19 low.
">EUR/AUD is in wave “v of 5 of III” higher with an upside target of 1.5054 (from 1.4705). Support for EUR/AUD comes in at 1.4600 and is backed up by more substantial support at 1.4442 at the 8/19 low.