• EUR/AUD initially dipped on Thursday but recovered towards 1.5572 as the pair was pulled around by the market's interpretation of central bank comments and inflation out.
• The recent dovish shift in ECB policy rhetoric and contrasting hawkish shift in Fed rhetoric is a bearish development for the euro.
• At GMT 18:54, the pair was trading down 0.12 percent at 1.5760.
• EUR/AUD remains vulnerable, only a break and daily close above 1.5820 (38.2%fib) will shift bias to the upside.
• Immediate resistance is located at 1.5775( Daily high), any close above will push the pair towards 1.5820 (38.2%fib)
• Support is seen at 1.5730 ( 50% fib) and break below could take the pair towards 1.5707(11DMA).
Recommendation: Good to sell around 1.5770, with stop loss of 1.5820 and target price of 1.5700.


NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro: GBP/AUD loses momentum but bullish setup remains
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
FxWirePro-Major European Indices
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
FxWirePro: USD/JPY extends fall as yen rises on intervention fears
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path 



