• EUR/AUD initially gained on Tuesday but rally fizzled as investors geared up for a fresh round of interest rate hikes from top central banks
• Key major events prevented EUR/AUD from clearing important resistance in a pullback ahead of Fed, ECB and BoE meetings this week.
• From a technical viewpoint, RSI is bearish at 44, daily momentum studies, 9, 14 and 21 are trending down.
• Immediate resistance is located at 1.5410 (38.2%fib), any close above will push the pair towards 1.5497(Daily high).
• Immediate support is seen at 1.5340 (5DMA) and break below could take the pair towards 1.5275 (23.6%fib).
Recommendation: Good to sell around 1.5400, with stop loss of 1.5490 and target price of 1.5300
