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FxWirePro: EUR/AUD attracts buying interest, 38.2%fib eyed

• EUR/AUD maintained its strength on Monday as markets assess France's hung parliament prospects.

• Markets' focus now turns to who will be France's next prime minister, with a less partisan figure likely preferred by investors

• The pair trades solidly at 1.6068 level  and has thus far avoided sliding below the critical  23.6%fib support line.

• Immediate resistance is located at 1.6124(38.2%fib), any close above will push the pair towards 1.6178(Jul 2nd high).

• Immediate support is seen at 1.6028(23.6%fib) and break below could take the pair towards 1.5984(Lower BB).

Recommendation: Good to buy  around 1.6060 , with stop loss of 1.5950 and target price of 1.6120

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