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FxWirePro- Major Pair market sentiment (CCI-ADX-EMA) setup

FxWirePro- Major Pair levels and bias summary

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FxWirePro- Major Pair market sentiment (CCI-ADX-EMA) setup

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FxWirePro: EUR/AUD caught in narrow range, bias neutral

Tuesday, December 26, 2023 4:24 PM UTC

• EUR/AUD exhibited limited movement on Tuesday as trading activity remained subdued in the thin holiday market conditions.

• Pair traded in 1.6176/1.6210 range and was last trading at 1.6197 in the US afternoon.

• Technical signals are bearish as RSI is at 41, daily momentum studies 5,9 and 10 DMAs are trending down.

• Immediate resistance is located at 1.6240( Dec 20th high), any close above will push the pair towards 1.6263 (38.2%fib).

• Strong support is seen at 1.6165(23.6%fib ) and break below could take the pair towards 1.6108( (Lower BB).

Recommendation: Good to sell around 1.6200, with stop loss of 1.6280 and target price of 1.6120

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FxWirePro: EUR/AUD caught in narrow range, bias neutral

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