• EUR/AUD gained on Tuesday as upbeat German investor sentiment survey supported euro.
• German investor sentiment surged to its highest level in May since the start of the COVID-19 pandemic.
• EUR/AUD recovery from 1.5458 low was rejected by the 50% fib at 1.5543.
• EUR/AUD remains vulnerable, only a break and daily close above 1.5608 (100DMA) will shift bias to the upside.
• Immediate resistance is located at 1.5543(50% fib), any close above will push the pair towards 1.5600(100DMA).
• Strong support is seen at 1.5448 (38.2%fib) and break below could take the pair towards 1.5408 (Lower BB).
Recommendation: Good to sell on around 1.5510, with stop loss of 1.5590 and target price of 1.5440