FxWirePro: EUR/AUD capped below major trendline resistance at 1.50, bias higher

• EUR/AUD capped below major trendline resistance at 1.50, we see Doji formation on daily charts in the Asian session.
   
• Data released earlier today showed that Australia’s new Home Sales dropped 4.4% in May, following a 4.7% decline in April. 
   
• Focus on news flow and developments surrounding the referendum along with the release of German prelim CPI print for the month of June. 
   
• Expectations are for German CPI to accelerate from flat Y/Y to 0.2% Y/Y in June.
   
• Intraday bias for the pair is higher, break above 1.50 could see gains upto 1.5050.
   
• Immediate support and resistance are seen at 1.4942 (5-DMA) and 1.50 (trendline) respectively.
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Recommendation: Good to buy dips around 1.4960, SL: 1.49, TP: 1.50/ 1.5050