EUR/AUD looking bearish

                                   

The primary trend of EUR/AUD is bearish. But from the past few trading sessions the pair was trading with positive bias and prices are no more sustaining at higher levels & looking weak for the upcoming sessions. The pair is consolidating with strong negative bias to give a breakout at downside. Prices are also taking support at the important level of 1.3855. Today if the pair breaks its support level & managed to sustain below it, then we can expect it to continue to trade with negative bias & test the level of 1.3780/1.3735 in today's session.

STRATEGY :- EUR/AUD is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

Pivot Points

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0240	1.0426	1.0543	1.0729	1.0846	1.1032	1.1149
GBP/USD	1.4293	1.4489	1.4621	1.4817	1.4949	1.5145	1.5277
USD/JPY	118.56	119.11	119.95	120.50	121.34	121.89	122.73
USD/CHF	0.9558	0.9660	0.9780	0.9882	1.0002	1.0104	1.0224
AUD/USD	0.7364	0.7486	0.7568	0.7690	0.7772	0.7894	0.7976
EUR/GBP	0.7034	0.7093	0.7159	0.7218	0.7284	0.7343	0.7409
USD/CAD	1.2307	1.2406	1.2562	1.2661	1.2817	1.2916	1.3072
NZD/USD	0.7165	0.7267	0.7341	0.7443	0.7517	0.7619	0.7693

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