• EUR/AUD declined on Thursday as optimism of a closer fiscal union in Europe fizzled out.
• Euro also weakened after indicator which tracks the manufacturing and services sectors showed that Germany's recession eased in May but less than anticipated.
• Selling pressure will remain in the short-term, only a move above 1.6944 (23.6% fib) strong resistance would indicate the weakness in pair has run out .
• Technical signals are bearish as RSI is at 41, momentum studies 11, 21 and 30 DMAs are trending down.
• Strong resistance is located at 1.6776 ( 21 DMA), any close above will push the pair towards 1.6944 (23.6% fib)
• Immediate support is seen at 1.6600 ( Psychological level) and break below could take the pair towards 1.6496 (Lower BB).
Recommendation: Recommendation: Good to sell around 1.6700, with stop loss of 1.6990 and target price of 1.6500.


GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
FxWirePro: USD/JPY on nervous hold around 160.00
NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
EURJPY Dips on NFP Firepower But Stays Bullish Above 184—Load Up Near 185 for a Run to 188
FxWirePro- Woodies pivot (Major)
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
FxWirePro: USD/ZAR bears maintain upper hand
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
FxWirePro: AUD/USD softens as risk appetite abates 



