FxWirePro: EUR/AUD consolidates break below 200-DMA, German retail sales and jobs data in focus

EUR/AUD chart - Trading View 

• EUR/AUD is trading 0.15% lower on the day at 1.5827 at 0640 GMT.
   
• The pair is consolidating break below 200-DMA and breach of 'Symmetric Triangle' pattern keep scope for downside.
   
• Focus now on German retail sales data for February scheduled for release at 07:00 GMT along with jobs data at 08:55 GMT for further impetus.
   
• Germany's retail sales is expected to show the private consumption dropped 0.9 percent month-on-month, following a 3.3 percent rise in January. 
   
• An above-forecast number may see some gains around the shared currency, although the technical bias remains bearish.
   
• Immediate support lies at 61.8% Fib at 1.5808. Decisive breakout above 200-DMA negates bearish bias. 

Support levels - 1.5808 (61.8% Fib), 1.5742 (Feb 21 low)

Resistance levels - 1.5848 (5-DMA), 1.5906 (200-DMA)

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.