EUR/AUD closes above 20 DMA, could takeout 1.5200 (38.2% Fib)
EUR/AUD close above 1.4849 20 DMA yesterday set targets 1.5204 (38.2% of Aug/Dec fall) in sight
On the day, the pair is trading slightly firmer, ler by AUD weakness post China trade data, currently it is at 1.4994
Momentum studies, 5 & 10 DMAs edge higher, falling 21 DMA at 1.4863 (neutral setup) is support on the downside ahead of 200 DMA at 1.4813 (strong support zone)
Resistance on the upside is seen at 1.5041 (Nov 18 highs) and then at 1.5080 (Nov 17 highs)
We find it good to buy dips around 1.4900, SL: 1.4810, TP: 1.52
On the day, the pair is trading slightly firmer, ler by AUD weakness post China trade data, currently it is at 1.4994
Momentum studies, 5 & 10 DMAs edge higher, falling 21 DMA at 1.4863 (neutral setup) is support on the downside ahead of 200 DMA at 1.4813 (strong support zone)
Resistance on the upside is seen at 1.5041 (Nov 18 highs) and then at 1.5080 (Nov 17 highs)
We find it good to buy dips around 1.4900, SL: 1.4810, TP: 1.52
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