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FxWirePro: EUR/AUD rejected at highs, slips below 20-DMA, good to sell rallies

EUR/AUD was rejected at highs around 1.4487, slips below 20-DMA at 1.4405. Intraday bias lower, close below 20-DMA to accentuate downside. Stochs are on verge of rollover from overbought levels, RSI biased south. Major s…

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FxWirePro: EUR/AUD rejected at highs, slips below 20-DMA, good to sell rallies
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  • EUR/AUD was rejected at highs around 1.4487, slips below 20-DMA at 1.4405.
     
  • Intraday bias lower, close below 20-DMA to accentuate downside.
     
  • Stochs are on verge of rollover from overbought levels, RSI biased south.
     
  • Major support levels - 1.4382 (session low), 1.4356 (23.6% Fib), 1.43 (Nov 1 low)
     
  • Major resistance levels - 1.4462 (5-DMA), 1.4498 (38.2% Fib), 1.4519 (Nov 4 low)
    ​

Recommendation: Good to sell rallies around 1.4420/30, SL: 1.4470, TP: 1.4380/ 1.4355/ 1.43
 

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