EUR/AUD: Support at the 1.4000 and 61.8% Fibo

The Euro versus the Australian Dollar had a very good bounce from the 200 day exponential moving average (blue line) all the way down to the 1.4000 level and the 61.8% Fibonacci retracement. The confluence of the 1.4000 round number level and the 61.8% Fibo could make this zone an important support area for the pair. Attentive to a possible bounce to the upside from this zone, which could take the price back up to the 1.4200 area where the 55 day EMA (purple line) is situated.