• EUR/AUD languished near one month low on Friday as high energy costs, rising inflation and recession kept bearish pressure on the pair.
• EUR/AUD sinks near 1.4815 then sits near 1.1860 late in US trading.
• Pair traded in a quiet 1.4903/1.4813 range. Inability to bounce despite sharp decline this week is a sign of weakness.
• Technical signals are bearish as RSI is at 39, daily momentum studies 10,11 and 14 DMAs are trending down.
• Immediate resistance is located at 1.4925( 50%fib), any close above will push the pair towards 1.4997 (5DMA)
• Support is seen at 1.4185 (23.6% fib ) and break below could take the pair towards 1.4476 (Lower BB).
Recommendation: Good to sell around 1.4850, with stop loss of 1.4930 and target price of 1.4770.


Major Pair Action Bias: Bullish Pairs to Watch Out For
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite
FxWirePro:USD/JPY hovers near a four-decade low
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro- Woodies pivot (Major)
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118 



