• EUR/AUD advanced toward 1.6515 level on as falling commodity prices pressured Australian dollar.
• Oil prices dipped on a report that Israeli Prime Minister Benjamin Netanyahu will hold a meeting for a diplomatic solution to the war in Lebanon..
• Copper slipped 0.12% as traders awaited a key meeting on China stimulus measures next week..
• Technical signals are bullish as RSI is up at 63 , daily momentum studies 5, 9 and 1 DMAs are trending up
• Immediate resistance is located at 1.6492 (23.6%fib), any close above will push the pair towards 1.6521(Higher BB)
• Support is seen at 1.6402(38.2 %fib ) and break below could take the pair towards 1.6326(50 %fib).
Recommendation: Good to buy around 1.6510 , with stop loss of 1.6400 and target price of 1.6600
