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Short

EUR/AUD Short term Outlook

FX:EURAUD   Euro Fx/Australian Dollar
97 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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