• EUR/AUD declined on Wednesday as weak German retail sales and slowing factory activity in the euro zone triggered sell off in the pair.
•Euro zone PMI manufacturing weakened and German retail sales took an unexpected 5.4% April tumble as the region tried to manage the damage from dwindling usage of Russian energy supplies and Ukraine war fallout.
• The pair is currently approaching resistance at 23.6%fib. A break and daily close below will accelerate further downside towards 1.4750 level.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 59 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.4976 (9DMA), any close above will push the pair towards 1.5064 (38.2%fib).
• Strong support is seen at 1.4822(23.6%fib) and break below could take the pair towards 1.4749 (Ichimoku Cloud Base ).
Recommendation: Good to sell around 1.4860 with stop loss of 1.4970 and target price of 1.4750


NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally
FxWirePro: USD/ZAR bears maintain upper hand
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY catches bid ahead of BoJ meeting
FxWirePro- Major Crypto levels and bias summary
FxWirePro-Major European Indices
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD recovers slightly but trend is still bearish 



