FxWirePro: EUR/AUD Trade Idea

FxWirePro Currency Strength Index for EUR/AUD: Bias Bullish
FxWirePro's Hourly EUR Spot Index was at 162.829 (Bullish)
FxWirePro's Hourly AUD Spot Index was at -106.415 (Bearish)

Technical Analysis: Bias Bullish
- Pair has bounced off strong trendline support at 1.5315
- Retakes 200-DMA at 1.5485
- RSI and Stochs have rolled over from oversold levels
- MACD is on verge of bullish crossover on signal line

Support levels - 1.5485 (200-DMA), 1.5426 (5-DMA), 1.54, 1.5335 (Trendline)
Resistance levels - 1.5598 (4H 110-EMA), 1.5676 (110-EMA), 1.57

Call update: Our previous call (https://www.econotimes.com/FxWirePro-EUR-AUD-breaks-below-110-EMA-hits-9-week-lows-at-15659-bias-lower-1317421) has hit all targets.

Recommendation: Good to go long on close above 200-DMA, SL: 1.5425, TP: 1.56/ 1.5675/ 1.57

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