• EUR/AUD erased earlier gains on Monday as worse-than-expected German Ifo data weighed on euro.
• German business sentiment took an unexpected downturn in December. The institute's most recent survey indicated a decline in both expectations and current conditions.
• Technical signals show the pair is set to lose ground in the short-term as RSI is at 44.95 bearish, daily and weekly 5, 10 & 21 MAs heading lower .
• Immediate resistance is located at 1.6326( 38.2%fib), any close above will push the pair towards 1.6363 ( 11DMA)
• Support is seen at 1.6216(23.6%fib) and break below could take the pair towards 1.6193 (May 19th low).
Recommendation: Good to sell on rally around 1.6300, with stop loss of 1.6440 and target price of 1.6220.


FxWirePro: GBP/USD recovers some ground but bears are not done yet
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro- Major Crypto levels and bias summary
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: USD/JPY edges higher but bulls lack punch
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike 



