EUR/AUD reverses lower after initial post-data rally early Wednesday

FXstreet.com (Barcelona) - EUR/AUD traders have taken the cross back to the downside after rallying initially following the weaker-than-expected Australian Consumer Confidence data.

EUR/AUD traders to react to European data

EUR/AUD traders will need to react to the ECB Monthly Report and German Industrial Production in the hours to come on Wednesday.

Technical outlook for EUR/AUD

Technicians say the EUR/AUD is in “no-man’s land” between support at 1.4309 and resistance at 1.4546. There’s likely a sizable move coming once a break above resistance or below support occurs.

Oct 9, 2013

EUR/GBP near upper edge of recent range; unfavorable reward / risk for bulls

The EUR/GBP may have a bit more upside potential left, but that seems to technicians to be outweighed by much larger downside potential when next move lower commences. When will that be? What will be the catalyst for the downside?

USD/CHF moves a bit higher on Yellen nomination, slight hopes on US debt

The USD/CHF has been trading steadily higher since the kick-off of the Asian trading session due to Yellen nomination and looming hopes on finding a solution on the US debt.