EUR/AUD Trade idea

• EUR/AUD has broken major trend line support 1.5635 which confirms short term weakness , a decline till 1.5580/1.5500 is possible .
  
  
• On the higher side major resistance is around 1.5715 and any break above targets 1.5750/1. minor resistance is around 1.5680
  
  
• Overall bearish invalidation only above 1.5805 any indicative break above targets 1.5860/1.5900
  
  
• It is good to sell on rallies around 1.5620-25 with SL around 1.5680 for the TP  of 1.5580/1.5500

Resistance

R1- 1.568

R2-1.5715

R3- 1.5750

Support

S1-1.5635

S2-1.5580

S3-1.5500