• EUR/AUD rose on Tuesday as upbeat German Ifo data boosted euro across the board.
• German business morale brightened to hit a two-year high in May as COVID-19 curbs were eased and infections fell.
• EUR/AUD bulls confidence is running high, further gains are likely due to influences from the Fed's inflation rhetoric and technicals.
• From a technical viewpoint, RSI is strongly bullish at 67, daily momentum studies, 5, 10 and 11 daily MAs are pointing higher.
• Immediate resistance is located at 1.5800 (Higher BB), any close above will push the pair towards 1.5847 (23.6%%fib).
• Immediate support is seen at 1.5570 (5DMA) and break below could take the pair towards 1.5728 (38.2%fib).
Recommendation: Good to buy on dips around 1.5750, with stop loss of 1.5650 and target price of 1.5850.


FxWirePro-Major European Indices
FxWirePro- Major Pair levels and bias summary
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro: USD/JPY extends fall as yen rises on intervention fears
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar 



