EUR/AUD holds 21-DMA support, go long, target 1.5580
EUR/AUD remains capped below major trendline resistance (currently at 1.56).
Pair sliding down along trendline resistance, currently holds above 21-DMA support at 1.5456.
Breaks below will find next support at 1.5366 (May 17th lows) and then 1.5344 (cloud top).
Techs on weekly charts support upside. Break above 1.56 could see gains till 1.60 levels
Trade recommendation: Buy dips around 1.5490, SL: 1.5450, TP: 1.5540/1.5580/1.56
A decisive break above 1.56 cloud see gains upto 1.60 levels.
Pair sliding down along trendline resistance, currently holds above 21-DMA support at 1.5456.
Breaks below will find next support at 1.5366 (May 17th lows) and then 1.5344 (cloud top).
Techs on weekly charts support upside. Break above 1.56 could see gains till 1.60 levels
Trade recommendation: Buy dips around 1.5490, SL: 1.5450, TP: 1.5540/1.5580/1.56
A decisive break above 1.56 cloud see gains upto 1.60 levels.