• EUR/AUD declined further on Monday as bearish influences from German data and Fed and ECB rhetoric pile on.
• German business sentiment worsened in September, reflected in the fall in the Ifo to 85.7 from 85.8 in August, fueling fears of recession in the euro zone..
•The pair is approaching 23.6%fib,a daily close below will accelerate towards 1.6300 level in the short term.
• From a technical viewpoint, the moving averages are pointing downwards, while the RSI is bearish at 40.
• Immediate resistance is located at 1.6541(5DMA), any close above will push the pair towards 1.6626 ( 38.2%fib).
• Strong support is seen at 1.6434(23.6%fib) and break below could take the pair towards 1.6401 (Lower BB).
Recommendation: Good to sell around 1.6500, with stop loss of 1.6640 and target price of 1.6300.


FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro:USD/JPY hovers near a four-decade low
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
FxWirePro: USD/CNY edges higher but bulls lack punch
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: GBP/AUD bears maintain upper hand 



