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10 Feb 2015
EUR/AUD: Trading below bearish gap 1.4550
FXStreet (Guatemala) - EUR/AUD is currently trading at 1.4519 the time of writing with a high of 1.4536 and a low of 1.4513.
EUR/AUD risk events come in the main from the EZ this week with tensions mounting around the Greece scenario. Bets are back in place for a Grexit and we have an emergency meeting on Wednesday between the Greek FM, Varoufakis, and the Eurogroup where terms of the debt will be discussed. Varoufakis is likely to pledge to implement around 70% of the existing bailout programme and there are chances that he might give the eurogroup details of perhaps ten new measures to replace the missing 30%.
Meanwhile, the EUR is holding up s far considering the implied risks of a Grexit while the cross will first be reacting to Australia's business confidence and house price index tonight. The opening bearish gap is likely to be targeted by the bulls at 1.4550 while 1.4420 acts as key support through 1.4480.
EUR/AUD risk events come in the main from the EZ this week with tensions mounting around the Greece scenario. Bets are back in place for a Grexit and we have an emergency meeting on Wednesday between the Greek FM, Varoufakis, and the Eurogroup where terms of the debt will be discussed. Varoufakis is likely to pledge to implement around 70% of the existing bailout programme and there are chances that he might give the eurogroup details of perhaps ten new measures to replace the missing 30%.
Meanwhile, the EUR is holding up s far considering the implied risks of a Grexit while the cross will first be reacting to Australia's business confidence and house price index tonight. The opening bearish gap is likely to be targeted by the bulls at 1.4550 while 1.4420 acts as key support through 1.4480.