• EUR/AUD declined on Monday as euro was weighed down by fresh disruption to energy supplies in Europe raised concerns about the continent's economic outlook.
• Recession fears grew in Europe, on news that Russian state energy giant Gazprom said it will halt natural gas supplies to the continent for three days
• At GMT 19:03, the pair was trading down 0.92 percent at 1.4456.
• Technical signals are bearish as RSI is at 39, daily momentum studies 5, 9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.4546 (38.2% fib), any close above will push the pair towards 1.4567 (14 DMA)
• Immediate Support is seen at 1.4409 (Lower BB ) and break below could take the pair towards 1.4324 (23.6% fib).
Recommendation: Good to sell on rally around 1.4460, with stop loss of 1.4570 and target price of 1.4390.
