• EUR/AUD declined on Wednesday as euro was weighed down in the wake of Tuesday's fall in growth and inflation data.
• Data on Tuesday which showed inflation in the euro zone fell fast and the economy began to contract
• A close below support at 38.2%fib will give further momentum to bears, opening the way for a run towards 1.6400 level.
• Technical signals show the pair could lose more ground as RSI is at 40 bearish, and 5, 9,11 DMA’s are trending south.
• Immediate resistance is located at 1.6558 (50%fib), any close above will push the pair towards 1.6603(5 DMA).
• Immediate support is seen at 1.6478 (38.2%fib) and break below could take the pair towards 1.6373 (23.6% fib).
Recommendation: Good to sell round 1.6500, with stop loss of 1.6580 and target price of 1.6430


FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro: AUD/USD retreats slightly but trend is still bullish
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro- Major European Indices
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead 



