• EUR/AUD strengthened on Wednesday but gains were limed as bulls backed away from as focus shifts to US CPI.
• The U.S. consumer price index (CPI) report for October will provide the latest read on inflation in the United States in the wake of the Federal Reserve’s aggressive interest rate hikes.
• Technical signals signals are bullish as RSI is at 59 bullish, daily momentum studies 9, 10 and 11 DMAs are trending up.
• Immediate resistance is located at 1.5590 ( Daily high), any close above will push the pair towards 1.5705 (23.6%fib).
• Immediate support is seen at 1.5506 (38.2%fib) and break below could take the pair towards 1.5458 (30DMA).
Recommendation: Good to buy around 1.5560, with stop loss of 1.5450 and target price of 1.5700.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD gains some ground but outlook is bearish
Crypto Bias Report: Trend Signals and Top Bullish Picks 



