EUR/AUD Price Forecast: Drops and hovers around 1.6200
- EUR/AUD remains pressured below 50, 100, and 200-day SMAs, holding above 1.6200 for four consecutive days.
- Break above 1.6252 could target 1.6300, with 1.6372 (SMA confluence) as the next resistance zone.
- Downside risk remains intact, with support seen at 1.6159 and major support at 1.5966 if the pair dips below 1.6200.
The EUR/AUD pair remains pressured, yet buyers trimmed some of its earlier losses with the pair hitting a daily low of 1.6159. At the time of writing, the cross-pair trades at 1.6216, down by just 0.12%.
EUR/AUD Price Forecast: Technical outlook
The EUR/AUD consolidates above 1.6200 for the fourth straight day, and despite trading below the 50, 100, and 200-day Simple Moving Averages (SMAs), the pair is neutrally biased.
If EUR/AUD climbs past the 50-day SMA of 1.6252, buyers could challenge the 1.6300 figure. A breach of the latter will expose the confluence of the 100 and 200-day SMAs at 1.6372 before aiming toward 1.6400.
On the other hand, the RBA’s restrictive monetary policy stance favors the downside of EUR/AUD. Therefore, if EUR/AUD drops below 1.6200, the first support would be a December 2 low of 1.6159. On further weakness, the next stop would be major support at the November 22 swing low of 1.5966
EUR/AUD Price Chart – Daily
Euro PRICE Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Swiss Franc.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF |
|---|---|---|---|---|---|---|---|
| USD | 0.00% | -0.00% | 0.00% | -0.01% | -0.03% | -0.05% | 0.00% |
| EUR | -0.00% | -0.01% | -0.02% | -0.01% | -0.03% | -0.05% | 0.00% |
| GBP | 0.00% | 0.00% | 0.02% | -0.01% | -0.03% | -0.04% | 0.02% |
| JPY | 0.00% | 0.02% | -0.02% | -0.02% | -0.05% | -0.07% | -0.00% |
| CAD | 0.01% | 0.00% | 0.01% | 0.02% | -0.02% | -0.03% | 0.03% |
| AUD | 0.03% | 0.03% | 0.03% | 0.05% | 0.02% | -0.02% | 0.05% |
| NZD | 0.05% | 0.05% | 0.04% | 0.07% | 0.03% | 0.02% | 0.06% |
| CHF | -0.00% | 0.00% | -0.02% | 0.00% | -0.03% | -0.05% | -0.06% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
Reprinted from FXStreet_id，the copyright all reserved by the original author.
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