• EUR/AUD declined on Wednesday as hawkish RBA rate stance boosts carry demand .
• Australia's central bank cut interest rates for the second time this year on Tuesday. RBA trimmed its cash rate a quarter point to a fresh all time trough of 2.0 percent.
• EUR/AUD chart has taken a turn for the worse ,overall risk growing for a bigger drop to towards 1.6000 level
• Technical signals are bearish as RSI is heading down at 33, daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.6137 ( Daily high), any close above will push the pair towards 1.6178(38.2%fib)
• Support is seen at 1.6078(23.6%fib ) and break below could take the pair towards 1.6000(Psychological Level).
Recommendation: Good to sell on rally around 1.6130, with stop loss of 1.6250 and target price of 1.6020


FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: GBP/NZD gains some ground but outlook is bearish
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR retreats slightly but bias is bullish
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks 



