FxWirePro: EUR/AUD bullish outlook with scope to target 1.6600

• 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