FxWirePro: Copper resumes rally, set to retest yearly highs at 4.364 as record Chinese imports in March fuel gains
FxWirePro: EUR/AUD neutral in the near-term, scope for downward resumption
• EUR/AUD struggling to make bearish headway today as investors are awaiting Fed's Powell talk on US economy at Wall Street Journal jobs summit.
• EUAUD stood at 1.5449, having recovered from 1.5430 (Daily low). EURAUD has managed to stay clear of major support around 1.5393( 23.6%fib).
• Daily techs favours bearish sentiment, RSI is at 43 and pair trades below 5,9 & 11-DMAs.
• Resistance is located at 1.5552( 38.2%fib) and at 1.5608 (30DMA).
• Support is found at 1.5393( 23.6%fib) and at 1.5285 (Lower BB).
Recommendation: Good to sell around 1.5450 with stop loss of 1.5600 and target price of 1.5300.