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FxWirePro: EUR/AUD downside pressure builds, key support level in focus 
• EUR/AUD extended towards 1.6490 on Monday as risk currencies like Australian dollar took a hit after heightened conflict in the Middle East. ns.
• Iran launched explosive drones and missiles at Israel late on Saturday in retaliation for a suspected Israeli attack on its consulate in Syria on April 1. timent.
• The pair maintains a strong position at 1.649 levels and has demonstrated resilience, avoiding a decline below the crucial 38.2%fib
• From a technical viewpoint, RSI is strongly bullish at 54, daily momentum studies, 5, 10 and 21 daily MAs all climb.
• Immediate resistance is located at 1.6518 38.2%fib), any close above will push the pair towards 1.6563 April 3rd higher)
• Immediate support is seen at 1.6473 (9EMA) and break below could take the pair towards 1.6428 (38.2%fib).
Recommendation: Good to buy on dips around 1.6480, with stop loss of 1.6400 and target price of 1.6540
