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FxWirePro: EUR/AUD dips below lower range, bearish bias increases 
- EURUSD has broken major support of 1.1760 (55- day EMA) and declined till 1.17312 at the time of writing. The pair has closed slightly below 1.1800 yesterday and is currently trading around 1.17414.
- No major economic data release in Eurozone and market awaits US durable goods order and pending home sales for further direction.
- Technically pair is trading well below 100-4 HMA and 200- 4H MA has closed below 1.1870 (233- 4H MA) and this confirms major weakness, a decline till 1.17600 (55- day EMA)/1.1700 likely.
- On the higher side, near term resistance around 1.1825 and any break above will take the pair to next level till 1.1870/ 1.1923 (20- day MA)/1.1965/1.2000. Overall bullish continuation only above 1.20925.
It is good to sell on rallies around 1.1760-1.17625 with SL around 1.1825 for the TP of 1.1660/1.1600.
