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FxWirePro:EUR/AUD falls below 1.5500, bears keep the advantage

• EUR/AUD dipped on Friday as worries about the European Union's slow vaccination rollout weighed on euro. • EUR/AUD hit daily low at 1.5446, before recovering slightly trade at 1.5469. Odds are now growing for a deeper …

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FxWirePro:EUR/AUD falls below 1.5500, bears keep the advantage
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• EUR/AUD dipped on Friday as worries about the European Union's slow vaccination rollout weighed on euro.

• EUR/AUD hit daily low at 1.5446, before recovering  slightly trade at 1.5469. Odds are now  growing for a deeper fall towards 1.5350.

• Technical signals  favours  bearish sentiment, RSI is at 48 and pair trades below 11  & 21-DMAs.

•  Immediate resistance is located at 1.5495 ( 23.6%fib), any close above will push the pair towards 1.5577(Higher BB).

• Strong support is seen at 1.5419 (14DMA) and break below could take the pair towards 1.5315 (Lower BB).
Recommendation: Good to sell around 1.5460, with stop loss of 1.5550 and target price of 1.5350.

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560