EUR/AUD Short term Outlook

FX:EURAUD   Euro / Australian Dollar
98 0 0
EUR/AUD             made a high of 1.4611 and is slightly retreating from that level. Overall trend is bullish as long as resistance 1.4615 (200 Hourly EMA ) holds.
On the upside break of 1.4615 will target 1.4730 in short term.
The pair’s minor support is around 1.4550 and any indicative break below would extend loss to 1.4450/1.4365.

Indicator (1Hour Chart)
CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy

Recommendation: Sell EUR/AUD             around 1.4525-30, SL 1.4621, Target 1.4450/1.4365.

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