• EUR/AUD retreated from daily high on Thursday as investors digested German inflation figures.
• Preliminary data released on revealed a decline in inflation across six economically significant German states in February, indicating a persistent downward trend in German inflation.
• The inflation rate in North Rhine-Westphalia, Germany's most populous state, fell to 2.6% in February from 3.0% in January.
• At GMT 18:02, the pair was trading 0.33% lower at 1.6628, slipping from daily high ( 1.6702)
• Technical signals are bearish as RSI is heading down at 57, daily momentum studies 5, 9 and 1 DMAs are trending up.
• Immediate resistance is located at 1.6706(23.6%fib), any close above will push the pair towards 1.6760 (Nov 20th high)
• Strong support is seen at 1.6612 (38.2%fib) and break below could take the pair towards 1.6523 (50%fib).
Recommendation: Good to buy around 1.6620, with stop loss of 1.6540 and target price of 1.6700


FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD bears maintain upper hand
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: USD/CAD edges lower but bullish outlook persists
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: GBP/NZD gains some ground but outlook is bearish
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro- Woodies pivot (Major)
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks 



