EUR/AUD shakes off Aussie jobs miss, continues flat
|- EUR/AUD choppy but flat following Aussie jobs data miss.
- RBA Gov talks at 22:30 GMT.
EUR/AUD has traded in a congested zone for eight straight trading days, and today is shaping up to be no exception, with the pair trading into yesterday's low of 1.5690.
With the Aussie suffering at the hands of middling economic growth and disappointing jobs data from Australia, and the Euro on spongier territory with risk appetite subdued throughout markets on the back of increasing inflation from the US, EUR/AUD is unlikely to develop legs in either direction until the fundamental situation within either currency's respective nation begins to shift moving forward. Eyes will be on the RBA's Governor Lower, due to give a speech at 22:30 GMT today, where traders can expect to get the RBA's reaction to the disappointing employment data that saw Australia shed fifty thousand full-time jobs in January.
EUR/AUD Technicals
The pair is currently caught in a messy-but-holding sideways channel from 1.5778 to 1.5638, while on Daily candles the pair is notably on the high side, consolidating near the top where a decisive break above 1.5770 will see the pair trading at two-year highs.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.