FxWirePro: EUR/AUD retraces from 1.50 handle, sees strong support at 1.4890, weakness only on breaks below

• EUR/AUD upside post ECB meeting and Draghi's pressure took the pair beyond the 1.50 handle.
   
• The pair hit highs 1.5087 on Thursday and is currently trading at 1.4926, paring some of the gains.
   
• On 4-hourly charts, the pair has broken channel resistance at 1.4625, and weakness will be seen only if price dips back into the channel.
   
• Strong support for the pair is seen at 1.4890 (current channel top), breaks below could see some weakness upto 1.4820 levels.
   
• Techs on dailies show upside for the pair, 1.5140 next stop for bulls ahead of 1.5180.
   

Recommendation: Good to buy dips around 1.4900, SL: 1.4800, TP: 1.50/1.51/1.5140