• EUR/AUD retreated from daily high on Friday after data German retail sales fell more than-expected in November.
• Retail sales in Germany declined more steeply than anticipated, witnessing a 2.5% drop compared to the previous month.
• The euro erased most of earlier gains against the Australian dollar , the pair was last down at 0.13% at 1.6295.
• Technical signals are bullish as RSI is at 51, daily momentum studies 5 and 11 DMAs are trending up.
• Immediate resistance is located at 1.6344 ( 38.2%fib), any close above will push the pair towards 1.6413(23.6%fib).
• Immediate support is seen at 1.6287(50%fib) and break below could take the pair towards 1.6229(61.8%fib).
Recommendation: Good to buy around 1.6280, with stop loss of 1.6200 and target price of 1.6360.


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD rallies on jobs surge, heads to test key resistance
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro- Major Crypto levels and bias summary
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise 



