• EUR/AUD rally extended towards 1.6700 on Friday as euro was boosted after data showed Euro zone economic sentiment improved by more than expected in May.
• Economic sentiment in Eurozone improved by more than expected to a three-year high in May, with the strongest gains in services, retail and among consumers as governments eased pandemic restrictions..
•EUR/AUD bulls confidence is running high, a test of the 1.5916 (23.6%fib) highly seems likely.
•From a technical viewpoint, RSI is strongly bullish at 66, daily momentum studies, 5, 10 and 21 daily MAs all climb.
• Immediate resistance is located at 1.5854(Higher BB), any close above will push the pair towards 1.5916 (23.6%fib).
• Immediate support is seen at 1.5806 (38.2% fib) and break below could take the pair towards 1.5768 (5 DMA).
Recommendation: Good to buy on dips around 1.5800, with stop loss of 1.5700 and target price of 1.5880.


FxWirePro: USD/CAD outlook weaker on renewed downside pressure
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
ETHUSD Dip: Prime Buy Zone to $3600 Targets
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY extends fall as yen rises on intervention fears
FxWirePro-Major European Indices
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
FxWirePro: USD/CAD slips as oil rally boosts loonie
0.7870 Break Looms – Next Stop 0.7800 for USDCHF? 



