- EUR/AUD has breached major trendline support at 1.51 levels, intra-day bias remains lower.
- The pair is trading below all major moving averages, momentum studies are bearish.
- Some stability back into the commodity sector with Oil back on $50.00 bbls, that supports the Aussie.
- The pair now finds immediate resistance at 1.51 (trendline) and support at 1.5027 (Apr 8th lows).
- Our previous call (http://www.econotimes.com/FxWirePro-EUR-AUD-capped-below-153-handle-bias-lower-223967) has achieved all targets.
Recommendation: Book partial profits, lower trailing stops to 1.5160, target 1.5030, 1.5010
