FxWirePro: EUR/AUD hits 2-month highs at 1.5273, momentum bullish

• Earlier today RBA surprised markets with rate cut which caused a knee-jerk slump in the Aussie across the board.
   
• The statement lacked an explicit easing bias but the market will watch for clues in this regard when the Bank delivers the SoMP on Friday.
   
• EUR/AUD extends upside, hit 2-month highs at 1.5273, and has since pared some gains to currently trade at 1.5240 levels.
   
• Momentum studies are bullish, we see scope for further upside, pair on track to test cloud top resistance at 1.5359.
   
• Our previous call (http://www.econotimes.com/FxWirePro-EUR-AUD-extends-upside-into-daily-cloud-focus-on-RBA-rate-decision-202970) has hit all targets.
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Recommendation: Raise stops to 1.51, target 1.53/ 1.5360