• EUR/AUD declined on Friday as investors turned to riskier assets amid renewed optimism over U.S.-China trade resolution.
• China's Commerce Ministry announced that it is evaluating Washington's proposal for talks regarding U.S. President Donald Trump's hefty tariffs.
• This development signalled a potential easing of the trade tensions that have been causing significant volatility in global markets, raising hopes for a de-escalation of the trade war.
• With the prospect of de-escalating trade tensions between the two largest economies, investors grew more confident, moving away from currency like the euro and toward risk sensitive Australian dollar.
• Bearish signals are increasing today after todays drop.Pair falls sharply below the 9-SMA & 38.2%fib retracement level
• Immediate resistance is located at 1.7658 (38.2%fib), any close above will push the pair towards 1.7790 (SMA 14)
• Support is seen at 1.7524(Daily low ) and break below could take the pair towards 1.7334 (50%fib).
Recommendation: Good to sell on rally around 1.7550, with stop loss of 1.7650 and target price of 1.7400


Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
FxWirePro: AUD/USD dips on soft China data
FxWirePro: GBP/AUD recovers slightly but bears are not done yet
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk
FxWirePro: USD/JPY caught in narrow range, bias bearish
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210? 



