FxWirePro: EUR/AUD breaks 21-DMA support, good to sell rallies

• 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.
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Recommendation: Sell rallies around 1.5340/50, SL: 1.5430, TP: 1.53/1.5220/1.52/1.5160