ECB policy meet due later today is the major risk event for the pair. Policy is likely to be kept unchanged.
Focus shall be on the statement and the comments in President Draghi’s accompanying press conference.
On the other side, upbeat sentiment around the Asian equities to support the higher-yielding currency AUD. Higher US equities provided fresh impetus to the region’s indices.
Pair also breaks strong support at 1.4466 (Mar 10th lows). Momentum studies are . 1.4348 ( Dec 3rd lows) will be next target.
Good to sell rallies around 1.4475/80, SL: 1.4520, TP: 1.4415/1.4348