EUR/AUD catches support with a neutral bias

FXStreet (Guatemala) - Currently, EUR/AUD is trading at 1.4723, down -0.37% on the day, having posted a daily high at 1.4769 and low at 1.4716.

EUR/AUD is lower on the count of he Aussie generally a touch harder and the risk sentiment that is lower due to the Ukraine crisis escalating over the weekend. The UN Security council is stepping in and coordinating an emergency meeting on the situation currently.

EUR/AUD neutral

The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish. At the time of writing, RSI is neutral at 29.19, down from 41.82 at the last hour close, while ADX is ranging at 17.39, up from 16.24 previous.

Daily RSI is in neutral territory at 35.02

On the hourly EUR/AUD chart, the 200 SMA is declining and currently at 1.4756, down from the previous hour close at 1.4812. On average, the exponential closing price for the past 20 days is 1.4935, with the trend indicating a continuation lower ahead.

EUR/AUD Levels

With spot trading at 1.4724, we can see next resistance ahead at 1.4729 (Daily Classic S1), 1.4735 (Yesterday's Low), 1.4739 (Monthly Low), 1.4739 (Weekly Low) and 1.4739 (YTD Low). Support below can be found at 1.4716 (Daily Low), 1.4681 (Daily Classic S2), 1.4669 (Weekly Classic S1), 1.4626 (Daily Classic S3) and 1.4560 (Weekly Classic S2).

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