EUR/AUD holds 21-DMA support, go long, target 1.5580

FX:EURAUD   Euro / Australian Dollar
129 0 4
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.
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