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FxWirePro: EUR/AUD remains bullish as rally continues

• EUR/AUD steadied on Wednesday  as   Ukraine-Russia negotiations continued  to buoy euro.

• The moves came as  Russia's promised during peace talks on Tuesday to reduce its attack on Kyiv.

• The pair is currently approaching resistance at 1.4877 ( 14DMA). Break above is likely push the pair towards 1.5000 level.

• Technical signals are turning bullish as RSI is turning higher at 40, daily momentum studies  5, 9 and 10 DMAs are trending up.

• Immediate resistance is located at 1.4877( 14DMA), any close above will push the pair towards 1.4963 ( 50%fib)

•  Strong support is seen at 1.4757(38.2%fib ) and break below could take the pair towards 1.4638 (5DMA).

  Recommendation: Good to buy around 1.4830, with stop loss of 1.4700 and target price of 1.4890.

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