• EUR/AUD rally extended towards 1.5590 on Friday as the European Central Bank's optimism on the economic outlook boosted euro.
• There were few surprises from the ECB at Thursday's meeting and the hawks remained quiet . But the central bank predicted a strong economic rebound in 2021,.
• EUR/AUD bulls confidence is running high, a test of the 1.5654 (Higher BB) highly seems likely.
• From a technical viewpoint, RSI is strongly bullish at 56, daily momentum studies, 5, 10 and 21 daily MAs all climb.
• Immediate resistance is located at 1.5620 (38.2%fib), any close above will push the pair towards 1.5660 (Higher BB).
• Immediate support is seen at 1.5549 (50% fib) and break below could take the pair towards 1.5503 (21 DMA).
Recommendation: Good to buy on dips around 1.5590, with stop loss of 1.5500 and target price of 1.5650.


FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
ETHUSD Dip: Prime Buy Zone to $3600 Targets
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro: USD/JPY extends fall as yen rises on intervention fears
FxWirePro- Woodies Pivot(Major)
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path 



