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FxWirePro: EUR/AUD shorts look for key support breaks after softer U.S. CPI

• EUR/AUD declined on Tuesday as  the pair attracted seller after softer US CPI data.

• EUR/AUD drops below the 5-DMA  , slide halts at the 1.5459 (50 % fib),break below will accelerate further dowside towards  1.5400 level.

• Technical are bearish, daily RSI is turning lower, daily momentum studies 5,9  and 11 DMAs are trending down. 

• Immediate resistance is located at 1.5547 (5 DMA), any close above will push the pair towards 1.5624 (38.2 % fib).

• Immediate support is seen at 1.5459 (50 % fib) and break below could take the pair towards 1.5371 (29th Nov low).

Recommendation: Good to sell  around 1.5530 with stop loss of 1.5640 and target price of 1.5430.
 

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