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FxWirePro: EUR/AUD key support broken, door to 1.4400 open

• EUR/AUD declined on Monday  as euro was weighed down by fresh disruption to energy supplies in Europe   raised concerns about the continent's economic outlook.

• Recession fears grew in Europe, on news that Russian state energy giant Gazprom  said it will halt natural gas supplies to the continent for three days

• At GMT 19:03, the pair was trading down 0.92 percent   at 1.4456.

• Technical signals are bearish as RSI is at 39, daily momentum studies  5, 9 and 10 DMAs are trending down. 

• Immediate resistance is located at 1.4546 (38.2% fib), any close above will push the pair towards 1.4567 (14 DMA)

• Immediate Support is seen at 1.4409 (Lower BB ) and break below could take the pair towards 1.4324 (23.6% fib).

 Recommendation: Good to sell on rally around 1.4460, with stop loss of 1.4570 and target price of 1.4390.
 

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