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FxWirePro:EUR/ AUD runs out of steam but maintains bullish outlook

• EUR/ AUD eased on Thursday as investors digested a raft of disappointing second-tier U.S. data . • The pair after hitting daily high at 1.8555 it turned lower, it was last trading at 1.8466. • Technical signals are bul…

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EconoTimes — Reading the Times. Understanding the Future.

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• EUR/ AUD  eased on Thursday as investors digested  a raft of disappointing second-tier U.S. data   .

• The pair   after hitting daily high at 1.8555 it turned lower,  it was last trading at 1.8466.

• Technical signals are bullish  as RSI is at 56 ,while moving averages are trending up.

• Immediate resistance is located at 1.6374(23.6%fib), any close above will push the pair towards 1.6456(Higher BB).

• Immediate support is seen at 1.6212(30DMA) and break below could take the pair towards 1.6168 (38.2%fib).

Recommendation: Good to buy around 1.6250, with stop loss of 1.6170 and target price of 1.6350

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