- EUR/AUD has broken below major support at 1.5472 and has hit session lows at 1.5238.
- The pair remains capped below major trendline resistance (currently at 1.56).
- Pair sliding down along trendline resistance, finds next support at 1.5220 (May 5th lows) and then 1.5160 (Feb 23rd lows).
- Bearish invalidation only on break above 1.56, pair could then see gains till 1.60 levels.
- Later in the session, final May manufacturing PMIs area due in the euro area will be in focus.
Recommendation: Sell rallies around 1.5340/50, SL: 1.5430, TP: 1.53/1.5220/1.52/1.5160
