• EUR/AUD dipped on Friday as Australia dollar was boosted by gains in equity , commodity prices .
• EUR/USD probed support zone 1.6186 (38.2% fib, Break lower risks run towards 1.6150 level in the short term.
• Technical signals are bearish as RSI is at 45, daily momentum studies 10,11 and 14 DMAs are trending down.
• Immediate resistance is located at 1.6311 ( 14DMA), any close above will push the pair towards 1.6405 (23.6% fib)
• Support is seen at 1.6186 (38.2% fib ) and break below could take the pair towards 1.6063 (Lower BB).
Recommendation: Good to sell around 1.6250, with stop loss of 1.6354 and target price of 1.6150
