EUR/AUD has been in a volatile bullish trend. Yesterday, it bounced off from the resistance 1.4130 and went down with an impulsive bearish candle. Yesterday, on the EUR's front EUR German Final CPI was published without any changes and it came in at 0.2%. France Final CPI was also published without any changes at 0.6%. On the other hand, on the AUD's front the Employment Change report revealed a notable change yesterday at 60.9k which was expected to be at 20.3k and the Unemployment Rate was also unchanged at 5.9%. AUD is still strong and dominating EUR till today. Today there are no market-moving events on both EUR and AUD side amid a bank holiday. So the market is expected to be less volatile till close.
Now let us look at the pair from the technical view. The price has currently violated the 20 EMA with an impulsive bearish movement. As the price remains below the resistance area of 1.4130-1.4290, the pair is expected to go down towards support at 1.3680-1.3730 area.
