• EUR/AUD edged lower on Monday but downside was limited as investors remained cautious ahead of key economic data releases from Eurozone later in the week.
•Investors are waiting for key economic data this week to gain insights into the policy direction of the European Central Bank, which is scheduled to meet on September 12
• The highlight of this week is the EU inflation flash estimate set for Friday. Alongside this, consumer price data from France and Italy.
• Technical signals are strongly bullish as RSI is at 47, daily momentum studies 5, 9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.6518(Aug 27th high), any close above will push the pair towards 1.6618(38.2%fib).
• Strong support is seen at 1.6463(50%fib) and break below could take the pair towards 1.6385(Lower BB).
Recommendation: Good to sell around 1.6480, with stop loss of 1.6570 and target price of 1.6400


FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: USD/CNY bears maintain upper hand
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: USD/JPY edges higher but bulls lack punch
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red 



