• EUR/AUD initially dipped on Friday but recovered some ground as uncertainty over beleaguered Chinese property developer Evergrande helped the pair bounce back.
• EUR/AUD fails to break support at 1.5989 (38.2%fib) and recovers towards 1.6044 .
• The current downward pressure is likely to persit as long as the pair does not move above 1.6200 level.
• Immediate resistance is located at 1.6131( 38.2%fib), any close above will push the pair towards 1.6225 (Higher BB)
• Strong support is seen at 1.6084 (21DMA)and break below could take the pair towards 1.6050 (50%fib).
Recommendation: Good to sell around 1.6140, with stop loss of 1.6200 and target price of 1.6080.


FxWirePro: USD/ZAR retreats but trend is still bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD gains some ground but bias is still bearish
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro- Woodies pivot (Major)
FxWirePro: NZD/USD edges lower, remains on back foot
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 



