Key supports and resistances of euro based pairs

High volatility is expected over European Central Bank’s (ECB) monetary policy decision. The central bank is not likely to make a move hence any action would result in very high levels of volatility. Let’s look at the key supports and resistance for euro-based pairs -

• EUR/GBP – Currently trading at 0.845, key supports lie at 0.835 and 0.82 area. Key resistances lie at 0.855 and 0.87 area

• EUR/USD – Currently trading at 1.129, key supports lie at 1.115, 1.108, and 1.095 areas. Key resistances lie at 1.135, and 1.15 areas.
   
• EUR/AUD – Currently trading at 1.462, key supports lie at 1.44, 1.415 and 1.39 area. Key resistances lie at 1.488 and 1.505 areas.
   
• EUR/NZD – Currently trading at 1.512, key supports lie at 1.5, and 1.39 areas. Key resistances lie at 1.548 and 1.578 areas.
   
• EUR/JPY – Currently trading at 114.7, key supports lie at 112.2 and 110 area. Key resistances lie at 116.2 and 118 areas.
   
• EUR/CHF – Currently trading at 1.092, key supports lie at 1.078 and 1.07 area. Key resistances lie at 1.1, 1.113 and 1.12 area.
   
• EUR/CAD – Currently trading at 1.453, key supports lie at 1.428 and 1.405 area. Key resistances lie at 1.467, and 1.485 area.