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

• EUR/AUD extends declines for a third consecutive session.
   
• The pair has broken below 20-DMA at 1.4355, intraday bias lower.
   
• Technical studies are bearish, RSI and Stochs on daily charts are biased lower.
   
• Major support levels - 1.4266 (session low), 1.4183 (Oct 20 low), 1.4128 (Oct 26 low)
   
• Major resistance levels - 1.4355 (20-DMA), 1.4370 (5-DMA), 1.4465 (38.2% Fib)
   

Recommendation: Good to sell rallies around 1.4330/40, SL: 1.4370, TP: 1.4270/ 1.42/ 1.4180
 

FxWirePro's Hourly EUR Spot Index was at 69.1643 (Neutral), while Hourly AUD Spot Index was at 48.4823 (Neutral) at 1250 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex