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FxWirePro: EUR/AUD consolidating around 1.5278,bias is bullish

•EUR/AUD strengthened on Thursday as   investors looked ahead to Friday's key U.S. payrolls report.

• U.S. non-farm payrolls data is due on Friday and analysts polled  expect 250,000 jobs were added last month. The unemployment rate is expected to come in at 3.7%.

• EUR/AUD bulls   confidence is running high, a test of the 1.5384(23.6%fib) highly seem s likely.

• From a technical viewpoint, RSI  is strongly bullish at 65, daily momentum studies, 5, 10 and 11 daily  MAs are pointing higher.

• Immediate resistance is located at 1.5336(Daily higg), any close above will push the pair towards 1.5384(23.6%fib).

• Immediate support is seen at 1.5250(5DMA) and break below could take the pair towards 1.5215 (38.2%fib).

Recommendation: Good to buy on dips around 1.5270, with stop loss of 1.5150 and target price of 1.5380.
 

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