FxWirePro: EUR/AUD strongly bearish despite upside attempts

• EUR/AUD recovered some ground on Monday as traders as grew cautious ahead of key global central bank meetings.

• EUR/AUD fell as low as 1.5373 before buyers returned   .EUR/AUD moving higher into the US session  and is sitting around 1.5454.

• Technical signals are bearish as RSI is at 43, daily momentum studies  5, and 9 DMAs are trending down. 

• Immediate resistance is located at 1.5527( 38.2%fib), any close above will push the pair towards 1.5617(50DMA).

Support is seen at 1.5336 (23.6% fib ) and break below could take the pair towards 1.5276 (Lower BB).

Recommendation: Good to sell   around 1.5500 with stop loss of 1.5620 and target price of 1.5440.