• EUR/AUD initially dipped on Friday but recovered ground as investors booked profits heading into weekend .
• The pair remains weak ,a close below 1.5352 (50%fib), would add to pairs bearish structure, opening the way towards 1.5300 level.
• Technical signals are bearish as RSI is at 49, daily momentum studies 5,9,21 DMA are trending south.
• Immediate resistance is located at 1.5464 (5DMA ), any close above will push the pair towards 1.5520 (38.2%fib).
• Strong support is seen at 1.5352 (50%fib) and break below could take the pair towards 1.7315(Lower BB).
Recommendation: Good to sell around 1.5440 with stop loss of 1.5550 and target price of 1.5350
