EUR Trading Outlook (25-04-2014)

AUD/USD: Pivot still holding at 0.9315, the AUD had been making lower low for two days now. Next support level at 0.9210, a break through would lead bears to target 0.9150 area.

EUR/USD: The initial rally of EUR/USD stalled by spec offers in the 1.3850/60 zone. As U.S data came out well, the pair spiked down to 1.3780/90 support zone. Increased tensions in Russia/Ukraine then sank the USD, the EUR/USD bounced back to 200 hour MA. Little data due for today, action could off from JPY crosses and other possible headlines from Russia and Ukraine.

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