FxWirePro: EUR/AUD consolidates around 1.5630, maintains bullish bias

• EUR/AUD gained on Tuesday as notable pace of vaccination across key EU countries  supported euro.

• Pair climbs above 1.5600 and holds near the day's high  in afternoon US session.

• EUR/AUD outlook remains bullish. Only a break and close below  1.6277 (23.6% fib), will shift the bias lower.

• Technicals are favouring bullish sentiment  as RSI is at 62 and the pair is trading above 5 & 9-DMAs.

• Immediate resistance is located at 1.5675 (38.2%fib), any close above will push the pair towards 1.5743 (100DMA).

• Strong support is seen at 1.5588 (50% fib) and break below could take the pair towards 1.5533 (9 DMA).

Recommendation: Good to buy around 1.5620, with stop loss of 1.5540 and target price of 1.5680