FxWirePro Currency Strength Index for EUR/AUD: Bias Bearish
FxWirePro's Hourly EUR Spot Index was at -77.2391 (Bearish)
FxWirePro's Hourly AUD Spot Index was at 101.783 (Bullish)
Technical Analysis: Bias Bearish
- Price action was rejected at channel top
- Price has slipped below 5-DMA support at 1.6036
- Bearish divergence on RSI and Stochs
- RSI and Stochs are showing a rollover from near overbought levels
Support levels - 1.5919 (20-DMA), 1.5859 (March 21 low), 1.5623 (March 12 low)
Resistance levels - 1.6036 (5-DMA), 1.61, 1.62 (channel top)
Recommendation: Good to go short on rallies around 1.6030/40, SL: 1.62, TP: 1.5920/ 1.5860/ 1.5625.
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