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• EUR/AUD dipped on Friday as worries about the European Union's slow vaccination rollout weighed on euro.
• EUR/AUD hit daily low at 1.5446, before recovering slightly trade at 1.5469. Odds are now growing for a deeper fall towards 1.5350.
• Technical signals favours bearish sentiment, RSI is at 48 and pair trades below 11 & 21-DMAs.
• Immediate resistance is located at 1.5495 ( 23.6%fib), any close above will push the pair towards 1.5577(Higher BB).
• Strong support is seen at 1.5419 (14DMA) and break below could take the pair towards 1.5315 (Lower BB).
Recommendation: Good to sell around 1.5460, with stop loss of 1.5550 and target price of 1.5350.
