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• EUR/AUD gained on Tuesday as notable pace of vaccination across key EU countries supported euro.
• Pair climbs above 1.5600 and holds near the day's high in afternoon US session.
• EUR/AUD outlook remains bullish. Only a break and close below 1.6277 (23.6% fib), will shift the bias lower.
• Technicals are favouring bullish sentiment as RSI is at 62 and the pair is trading above 5 & 9-DMAs.
• Immediate resistance is located at 1.5675 (38.2%fib), any close above will push the pair towards 1.5743 (100DMA).
• Strong support is seen at 1.5588 (50% fib) and break below could take the pair towards 1.5533 (9 DMA).
Recommendation: Good to buy around 1.5620, with stop loss of 1.5540 and target price of 1.5680
