• EUR/AUD initially fell on Thursday but gained some ground as hopes of a swifter global economic recovery and an upbeat sentiment in Italy politics offered support to falling euro.
• Rallies in EUR/AUD are being capped as sentiment is negative about euro-specific issues such as the EU vaccine rollout and Italian politics.
• At GMT 15:25, the pair was trading 0.18% lower at 1.5768, after hitting daily low at 1.5705.
• Technical signals show the pair could lose more ground in the short-term as RSI is at 45 bearish, daily momentum studies 5, 10 and 21 DMAs are trending south.
• Immediate resistance is located at 1.5794( 38.2%fib), any close above will push the pair towards 1.5874 ( Higher BB)
• Support is seen at 1.5707 (Daily low) and break below could take the pair towards 1.5623 (23.6%fib).
Recommendation: Good to sell around 1.5770, with stop loss of 1.5900 and target price of 1.5680


FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
FxWirePro: USD/CAD dips below lower range, bearish bias increases
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro- Woodies Pivot(Major)
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 



