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FxWirePro: EUR/AUD breaks below 1.49 handle, hits fresh 2016 lows at 1.4843

EUR/AUD extends downside, breaks below 1.49 handle to hit fresh 2016 lows at 1.4843. Upbeat Australian trade balance data and risk-on rally in Asian markets buoy the Aussie. Momentum studies are bearish, RSI and Stochs o…

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FxWirePro: EUR/AUD breaks below 1.49 handle, hits fresh 2016 lows at 1.4843
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Recommendation: Book partial profits, lower stops to 1.49, target 1.4790

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560