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FxWirePro: EUR/AUD downward momentum remains in place 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
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- BTC/EUR grinds lower along 5-DMA resistance at 6789, intraday bias bearish.
- The pair trades well below 200-DMA and daily cloud and we see scope for further weakness.
- Technical indicators are biased lower. RSI below 50 and Stochs are sharply lower. MACD is well below zero levels.
- Price is on track to test next major support at 5725 (major trendline).
- Break below finds next support at 5488 (78.6% Fib retrace of 2502 to 16457 rally).
Support levels - 5725 (major trendline), 5488 (78.6% Fib retrace of 2502 to 16457 rally), 4712 (Feb 6th low)
Resistance levels - 6789 (5-DMA), 7022 (20-DMA), 7535 (trendline)
Recommendation: Good to go short on rallies around 6600, SL: 7200, TP: 6000/ 5725/ 5500.
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