• EUR/AUD erased earlier gains on Tuesday, as worse-than-expected German ZEW survey weighed on euro.
• Technical signals show the pair is set to lose ground in the short-term as RSI is at 44.95 bearish, daily and weekly 5, 10 & 21 MAs heading lower .
• At (GMT 18:29 ),the pair was trading at 1.6151 on Tuesday, not far from the 1 week low of 1.6097 it reached on 14th Feb.
• On the upside, Immediate resistance is located at 1.6185 ( 50 DMA), any close above will push the pair towards 1.6223 ( 10 DMA)
• On the downside, support is seen at 1.6096 (14th Feb low) and break below could take the pair towards 1.6027 (Lower BB).
Recommendation: Good to sell on rally around 1.6250, with stop loss of 1.6320 and target price of 1.6000.


Yen Resurgence Drives GBPJPY to 2.5-Week Low: Sellers Aim for 208.00
FxWirePro- Major European Indices
FxWirePro: EUR/ NZD loses momentum but outlook is bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro: EUR/AUD retreats slightly but trend is still bullish
FxWirePro: AUD/USD gains some ground but remains sensitive to Middle East tensions
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: AUD/USD downside pressure builds, key support level in focus
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity
FxWirePro: USD/CNY dips as China’s yuan strengthens on Iran war de escalation hopes
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption 



