- EUR/AUD has broken major support 1.5020 and is expected to show further weakness in the coming days.
- Overall trend is weak s long as 1.5200 holds. On the upside minor resistance is around 1.5105 and any break of would extend gain to 1.5150/1.5205 in short term.
- The break of major support 1.5020 will take the pair to 1.4840 (Dec 10th 2014 low).
Indicators CCI (50) – Sell
CCI (14) – Sell
Recommendation: Sell EUR/AUD around 1.5025-30 , SL 1.5151, Target 1.4840.
The material has been provided by InstaForex Company – www.instaforex.com