• EUR/AUD declined on Wednesday as euro was weighed down in the wake of Tuesday's fall in growth and inflation data.
• Data on Tuesday which showed inflation in the euro zone fell fast and the economy began to contract
• A close below support at 38.2%fib will give further momentum to bears, opening the way for a run towards 1.6400 level.
• Technical signals show the pair could lose more ground as RSI is at 40 bearish, and 5, 9,11 DMA’s are trending south.
• Immediate resistance is located at 1.6558 (50%fib), any close above will push the pair towards 1.6603(5 DMA).
• Immediate support is seen at 1.6478 (38.2%fib) and break below could take the pair towards 1.6373 (23.6% fib).
Recommendation: Good to sell round 1.6500, with stop loss of 1.6580 and target price of 1.6430


FxWirePro- Woodies pivot (Major)
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: USD/CNY edges higher but bulls lack punch
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro- Major Pair levels and bias summary
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: GBP/NZD gains some ground but outlook is bearish 



