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EUR/AUD breaks major support 1.5450, decline till 1.5350 is possible

EUR/AUD has broken major support 1.5450 which confirms short term weakness, a decline till 1.5359 cannot be ruled out. Short term bullishness can be seen only above 1.5500 and break above target 1.5550. Overall bearish i…

By Lis Howell
1 min read
EUR/AUD breaks major support 1.5450, decline till 1.5350 is possible
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  • EUR/AUD has broken major support 1.5450 which confirms short term weakness, a decline till 1.5359 cannot be ruled out.

  • Short term bullishness can be seen only above 1.5500 and break above target 1.5550.

  • Overall bearish invalidation only above 1.5560 level.

It is good to sell on rallies around 1.5450 with SL around 1.5500 for the TP of 1.53500

 

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team