• EUR/AUD initially gained but gave up ground as the euro zone prepared for European Central Bank interest rate decision .
•Investors expect the European Central Bank on Thursday to cut the benchmark rate by 25 basis points to 3.75%.
• On the data front,HCOB's final euro zone manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 47.3 in May from April's 45.7 .
• Technical signals are bearish as RSI is lower at 44, daily momentum studies 5, 9 and 10 DMAs are trending south.
• Immediate resistance is located at 1.6338( 38.2%fib), any close above will push the pair towards 1.6391( Higher BB)
• Strong support is seen at 1.6264(23.6% fib) and break below could take the pair towards 1.6223 (Lower BB).
Recommendation: Good to sell around 1.6310, with stop loss of 1.6450and target price of 1.6230.


Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD downward momentum remains in place
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: USD/CNY bears maintain upper hand
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR sell bias remains below key resistance zone
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal 



