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FxWirePro:EUR/AUD attracts selling interest, vulnerable to more downside

• EUR/AUD declined on Tuesday   as possible delays in EU vaccine roll-out in  EU  weighed on Euro

• European countries paused administering the vaccine after reports of possible serious side-effects on Monday.

• At GMT 15:03, the pair was trading down 0.07 percent   at  1.5365.

•  Technical signals are bearish as RSI is heading down  at 38, daily momentum studies  5, 9 and 11 DMAs are trending down. 

• Immediate resistance is located at 1.5457 ( 21DMA), any close above will push the pair towards 1.5548 (38.2%fib).

• Strong support is seen at 1.5336 (23.6% fib ) and break below could take the pair towards 1.5276 (Lower BB).

Recommendation: Good to sell   around 1.5370 with stop loss of 1.5500 and target price of 1.5300.
 

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