• EUR/AUD declined on Tuesday as Aussie outperformed euro as risk sentiment improved.
• EUR/AUD dived below the 38.2% fib and trades down to a 1.5587 low.
• Technical lean bearish, RSI is turning sharply lower, momentum studies, 9, 11 DMAs falling southwards.
• Immediate resistance is located at 1.5616 (38.2% fib), any close above will push the pair towards 1.5717 (50%fib)
• Support is seen at 1.5540 (Lower BB ) and break below could take the pair towards 1.5493(23.6% fib).
Recommendation: Good to sell around 1.5590, with stop loss of 1.5700 and target price of 1.5500
