FxWirePro:EUR/AUD chart very bearish, could be on the verge of bigger drop 
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FxWirePro:EUR/AUD gains some upside momentum but still bearish 
- USD/TWD is currently trading around 30.16 marks.
- It made intraday high at 30.25 and low at 30.08 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 30.57 marks.
- A daily close above 30.25 will drag the parity up towards key resistances around 30.57, 30.72, 30.90, 31.02, 31.15, 31.26, 31.78, 31.98, 32.12, 32.25, 32.43 and 32.63 marks respectively.
- On the other side, key support levels are seen at 30.08, 29.92, 29.85, 29.76 and 29.61 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Taiwan stocks open up 0.3 pct at 9,909.99 points.
We prefer to take short position in USD/TWD only below 30.06, stop loss at 30.42 and target of 29.85/29.76.
