• EUR/AUD strengthened on Monday as risk-sensitive Australian dollar weakened on growing fears about a looming slowdown in the global economy .
• Investors were troubled that rising interest rates and softening economic data could signal a global recession .
• Pair traded in 1.5177/1.5300 range and was last trading at 1.5196 at 18:02.
• Technical signals are bullish as RSI is at 63, daily momentum studies 5,9 and 10 DMAs are trending up.
• Immediate resistance is located at 1.5308(Higher BB), any close above will push the pair towards 1.5355 (23.6% fib)
• Strong support is seen at 1.5215(5DMA ) and break below could take the pair towards 1.5166 (Lower BB).
Recommendation: Good to buy around 1.5290, with stop loss of 1.5200 and target price of 1.5350.


FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
Major Pair Action Bias: Bullish Pairs to Watch Out For
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro- Woodies pivot (Major)
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: GBP/AUD under pressure as pound continues to weaken 



