• EUR/AUD declined on Monday as heavily lagging COVID-19 vaccinations efforts in the EU weighed on Euro.
• Recent rejection at 1.5571 (38.2%fib), is a bearish sign, a break and daily close under the 1.5343 (23.6%fib would weaken outlook further.
• At GMT 14:03, the pair was trading down 0.27 percent at 1.5456.
• Technical signals are bearish as RSI is heading down at 43, daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.5571 ( 38.2% fib), any close above will push the pair towards 1.5671 (50DMA)
• Support is seen at 1.5419 (March 4th low ) and break below could take the pair towards 1.5343 (23.6%fib).
Recommendation: Good to sell on rally around 1.5450 with stop loss of 1.5650 and target price of 1.5350.


FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI 



