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• 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.
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FxWirePro: EUR/AUD strongly bearish despite upside attempts
Monday, March 15, 2021 3:41 PM UTC
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