EUR/AUD back below 1.4900

FXStreet (Córdoba) - A weak Euro pushed the EUR/AUD to the downside and finished under 1.4900, 10 pips below the price it closed last week. The pair traded with gains most of the day but if found resistance at 1.4950 and retreated sharply during Draghi’s press conference.

Price bottomed on American hours at 1.4841, reaching the lowest price since Tuesday, then bounced slightly to the upside and currently trades at 1.4850/60.

The European currency weakened across the board on Thursday pressuring the EUR/AUD lower, despite the fact that the Australian Dollar was not having a good day in the market.