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• EUR/AUD edged higher on Wednesday as buoyant equities and oil's rally supported euro
• However, pair eroded some of day's gains as Brexit danger soured bullish sentiment .
• Underlying trend for the pair remains bearish. A break below 1.6135 (23.6% fib) might spur increased downward momentum..
• Immediate resistance is located at 1.6214(5DMA), any close above will push the pair towards 1.6345 (38.2%fib).
• Strong support is seen at 1.6135 (23.6% fib) and break below could take the pair towards 1.6036 (Lower BB )
Recommendation: Good to sell around 1.6200, with stop loss of 1.6340 and target price of 1.6030
