FxWirePro: EUR/AUD finds major resistance at 1.5130, good to go long on break above

• EUR/AUD trades with a bullish bias, up 0.47% on the day.
   
• Technical studies are highly bullish on weekly charts, RSI and Stochs are sharply biased higher.
   
• We see scope for further upside, 61.8% Fib retrace of 1.6585 to 1.3626 fall at 1.5455 is next bull target.
   
• The major finds stiff resistance at 1.5130 (falling trendline), breakout confirms further bullishness.
   
• Price action above daily cloud and major moving averages. We see weakness only on break below 1.4790 (trendline).

Support levels - 1.4979 (5-DMA), 1.4942 (20-DMA), 1.4904 (50-DMA)

Resistance levels - 1.5130 (trendline), 1.5226 (May 29 high), 1.5455 (61.8% Fib)

Recommendation: Watch out for break above 1.5130 to go long.

FxWirePro Currency Strength Index: FxWirePro's Hourly EUR Spot Index was at 99.9869(Bullish), while Hourly AUD Spot Index was at -133.152 (Bearish) at 1040 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest