• EUR/AUD declined on Tuesday as possible delays in EU vaccine roll-out in EU weighed on Euro
• European countries paused administering the vaccine after reports of possible serious side-effects on Monday.
• At GMT 15:03, the pair was trading down 0.07 percent at 1.5365.
• Technical signals are bearish as RSI is heading down at 38, daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.5457 ( 21DMA), any close above will push the pair towards 1.5548 (38.2%fib).
• Strong support is seen at 1.5336 (23.6% fib ) and break below could take the pair towards 1.5276 (Lower BB).
Recommendation: Good to sell around 1.5370 with stop loss of 1.5500 and target price of 1.5300.
