• EUR/AUD declined on Thursday as stricter COVID-19 lockdowns in Europe weighed on euro,
• Control of COVID-19 is key for economic growth in 2021 in European Union and thus for the direction of EUR/AUD.
•At GMT 18:20, the pair was trading down 0.65 percent at $1.5616.
•Technical signals are bearish as RSI is heading down at 30, daily momentum studies 5, 9 and 1 DMAs are trending down.
•On the upside, Immediate resistance is located at 1.5623 ( 23.6%fib), any close above will push the pair towards 1.5712 (38.2%fib)
•On the downside, support is seen at 1.5592 (Daily low ) and break below could take the pair towards 1.5532 (Lower BB).
Recommendation: Good to sell around 1.5650, with stop loss of 1.5700 and target price of 1.5550.


FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro: USD/CAD dips below lower range, bearish bias increases
FxWirePro- Major Pair levels and bias summary
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target 



