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CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116

FxWirePro- Major European Indices

FxWirePro- Major Pair market sentiment (CCI-ADX-EMA) setup

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FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed

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FxWirePro- Major Pair levels and bias summary

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FxWirePro:EUR/AUD steadies above 1.4650 after filling early gap, bias higher

Monday, April 11, 2022 6:32 PM UTC

• EUR/AUD gapped up on Monday on news Macron led first round French election.

• French leader Emmanuel Macron beat far-right challenger Marine Le Pen in France's first round of presidential voting.

• EUR/AUD recovered back at 1.4607 to fill the gap,heading into the afternoon the EUR/USD is trading around 1.4674

• Technical signals are bullish as RSI is heading up at 56, daily momentum studies 5, 9 and 1 DMAs are trending higher.

• Immediate resistance is located at 1.4730 ( 20DMA), any close above will push the pair towards 1.4768 (38.2%fib)

• Support is seen at 1.4568 (38.2 %fib ) and break below could take the pair towards 1.4339 (23.6%fib).

Recommendation: Good to buy around 1.4650, with stop loss of 1.4500 and target price of 1.4740.

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FxWirePro:EUR/AUD steadies above 1.4650 after filling early gap, bias higher

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