FxWirePro: EUR/AUD major resistance 1.5440, good to buy breakout above

• Dovish RBA SoMP weighed on the Aussie, pushing EUR/AUD higher.
   
• The pair broke above daily cloud and is testing major resistance at 1.5440.
   
• Australian inflation and wage growth outlook cast a mantle of doubt over the OZ nation’s economic growth prospects and bolstered calls for further RBA rate cuts.
   
• Our previous call (http://www.econotimes.com/FxWirePro-EUR-AUD-hits-2-month-highs-at-15273-momentum-bullish-203298) has hit all targets.
   
• A decisive break above 1.5440 could take the pair higher, test of 1.5575 and then 1.56 levels then likely. 
   
• Techs on daily charts support upside, major moving averages biased higher, RSI strong at 67 levels.
   
• On weekly charts, Stcohs have shown a bullish rollover from oversold levels, RSI is biased north and MACD line is on the verge of a bullish crossover on signal line.
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Recommendation: Go long on breakout above 1.5440, SL: 1.53, TP: 1.55/1.5575/ 1.56