FxWirePro: EUR/AUD breaks above 61.8% Fib at 1.5455, next bull target 1.5646 (May 2017 high)

• EUR/AUD breaks above 61.8% Fib at 1.5455 as the pair extends 'Symmetric Triangle' breakout.
   
• The major has hit 18-month highs at 1.5563, momentum studies are highly bullish.
   
• Next bull target lies at 1.5646 (May 2017 high) ahead of 1.5831 (Jan 2014 high) and then 1.5952 (78.6% Fib retrace of 1.6585 to 1.3626 fall).
   
• Weekly 200-SMA at 1.4748 is major support and we see any reversal in trend only on break below.
   
• Immediate support lies at 1.5455 (61.8% Fib), break below could see test of 5-DMA at 1.5335.

Call update: Our previous call (http://www.econotimes.com/FxWirePro-EUR-AUD-edges-lower-from-15-month-highs-at-152415-bias-higher-stay-long-968781) has hit all targets.

Recommendation: Book partial profits at highs, trail stop loss to 1.5220, hold for 1.5645/ 1.57/ 1.5830/ 1.5950.

FxWirePro Currency Strength Index: FxWirePro's Hourly EUR Spot Index was at 82.391 (Bullish), while Hourly AUD Spot Index was at -152.138 (Bearish) at 0500 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

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