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• EUR/AUD declined on Wednesday as after data showed US consumer price increases came in below economists' forecasts in June .
• EUR/AUD drops swiftly from 1.6496 to 1.6355. The pair was last trading at 1.6395 .
• EUR/AUD probed 50%fib support zone, EUR/AUD may near 1.6300 if structural support breaks.
• Immediate resistance is located at 1.6484 ( 38.2%fib), any close above will push the pair towards 1.6554 (June 28th high).
• Immediate support is seen at 1.6360 (50%fib) and break below could take the pair towards 1.6282(20DMA).
Recommendation: Good to sell around 1.6430, with stop loss of 1.6550 and target price of 1.6320.
