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- EUR/AUD seeing some recovery from 5-week lows of 1.5217 and is currently trading around 1.5279 levels.
- The pair is holding above strong support by 100-DMA at 1.5186, break below needed for further downside.
- Our previous call (http://www.econotimes.com/FxWirePro-EUR-AUD-breaks-major-support-at-15355-on-track-to-test-100-DMA-at-15192-218110) has almost hit TP2.
- Supports are seen at 1.5186 (100-DMA), 1.5160 (Feb 23rd lows) and then 1.51.
- Resistance on the upside is located at 1.53, 1.5352 (5-DMA) and then 1.5390 (9-DMA).
- Break below 1.5186 to see further downside. Bearish invalidation above 1.54 levels.
Recommendation: Book partial profits at lows, hold for targets
