Thursday, October 15, 2026

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FxWirePro:EUR/AUD sudden reverse sees the pair drop under 1.5500,good to sell on rally

• EUR/AUD declined on Wednesday as improved risk appetite and fading China concerns boosted Australian dollar against euro. • EUR/AUD drops swiftly from 1.5554 to 1.5434. Break lower 1.5426 (50%fib )risks run towards1.53…

By FxWirePro Team
1 min read
FxWirePro:EUR/AUD sudden reverse sees the pair drop under 1.5500,good to sell on rally
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• EUR/AUD declined on Wednesday as improved risk appetite and fading China  concerns boosted  Australian dollar against euro.

• EUR/AUD drops swiftly from 1.5554 to 1.5434. Break lower 1.5426 (50%fib )risks run towards1.5300.  

• Technical are bearish, daily RSI is turning negative  , daily momentum studies  9 and 10 DMAs are trending down. 

• Immediate resistance is located at 1.5479 (5DMA ), any close above will push the pair towards 1.5568(Higher BB).

• Strong support is seen at 1.5426 (50%fib ), and break below could take the pair towards 1.5338(Lower BB).

Recommendation: Good to sell on  around 1.5450 with stop loss of 1.5550 and target price of 1.5380

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team