EUR/AUD fails to hold above 1.4900

FXStreet (Córdoba) - The EUR/AUD finished slightly lower on Monday trading around 1.4860. The Euro failed to hold to gains. During the European session the pair rose to 1.4957 reaching the highest price in two days but then weakened and reversed falling to Asian lows. The decline from levels on top of 1.4900 found support at 1.4845.

The pair is consolidating and stabilizing after dropping more than 500 pips in the previous two weeks. The area around 1.4770 capped the downside.

EUR/AUD levels

To the upside, resistance might lie at 1.4915 and above here at 1.4955/60 (March 31 high) and 1.5000. To the downside support could be seen at 1.4845 (March 31 low) and below here at 1.4820 and 1.4795.