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EUR/AUD breaks minor resistance around 1.5400, targets 1.5575

Wednesday, October 28, 2015 3:35 AM UTC

EUR/AUD has recovered from the low of 1.5165 and is currently trading around 1.5488. Short term trend is still bullish as long as support 1.5320 holds.
The pair has broken minor resistance 1.5400 (Support turned into resistance) and jumped till 1.5507 level.The major resistance is around 1.5510 and break above targets 1.5575/1.5640/.15700
On the downside minor support is around 1.5450 and break below will take the pair till 1.5375/1.5320 level.

It is good to buy at dips around 1.5460 with SL around 1.5400 for the TP of 1.5575/1.5700

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EUR/AUD breaks minor resistance around 1.5400, targets 1.5575

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