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FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/AUD edges lower, bearish outlook persists 
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600 
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- EUR/USD has recovered nearly 93 pips from the low of 1.22057 made yesterday. The pair jumps from the fresh 2- week low as global market tension eases and minor selling in US 10 year bond yields. The pair hits intraday high of 1.22968. It is currently trading around 1.22720.
- S&P500 recovered almost 3.75% yesterday and closed at 2581 yesterday. The near term support is around 2530 and any break below confirms further weakness.
- The pair is facing near term resistance of 1.2328 (20- day MA) and any close above will take the pair till 1.2400/1.24350. Bullish continuation can be seen only above 1.2540.
- On the lower side, near term support is around 1.2200 and any violation below will drag the pair to next level till 1.21650 (38.2% fibo)/1.2100. Minor trend reversal only below 1.2100.
It is good to buy above 1.2300 with SL around 1.2250 for the TP of 1.2400/1.2435.
