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EUR/AUD has taken strong trendline support at 1.5475 and edged higher, gains upto 1.5630 likely.
- EUR bulls supported amid positive Asian equities and a broadly lower greenback, while softer Australian employment numbers weigh on the Aussie.
- Breaks below 1.5475 could see the pair at 1.5280 levels, while upside could see tests of 1.5630.
- 4H Ichi cloud is widening ahead and momentum on 4-hourlies is higher.
Recommendation: Good to go long on dips around 1.5530, SL: 1.5470, TP: 1.5615/30
Support levels:
S1: 1.5475 (Rising Trendline)
S2: 1.5421 (Feb 3rd lows)
S3: 1.5417 (Feb 4th lows)
Resistance Levels:
R1: 1.5630 (5 DMA)
R2: 1.5644 (Feb 3rd highs)
R3: 1.5662 (Jan 13th highs)
