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FxWirePro Hourly Currency Strength Index Bias Bearish
FxWirePro's Hourly EUR Spot Index was at -138.285 (Bearish)
FxWirePro's Hourly AUD Spot Index was at 123.808 (Bullish)
Technical Studies: Bias Bearish
- EUR/AUD breaks below 2H 110-EMA at 1.5678
- Upside capped at 5-DMA
- MACD on verge of bearish crossover on signal line
Support levels - 1.5635 (trendline), 1.56, 1.5570 (20-DMA)
Resistance levels - 1.5678 (2H 110-EMA), 1.5704 (1H 110-EMA), 1.5817 (Feb 14 high)
Recommendation: Good to go short on rallies, SL: 1.57, TP: 1.5635/ 1.56/ 1.5570
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