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• EUR/AUD retreated on Monday as investors awaited for more clues on U.S. President Donald Trump's latest tariffs measures.
• The tariffs, set to take effect at 0501 GMT on Tuesday, would affect $1.3 trillion of goods, or more than 40% of all U.S. imports.
•Canada and Mexico announced immediate retaliatory levies, while China also announced countermeasures. Trump also warned that tariffs on Europe will definitely happen , but did not offer any clarity.
• Technical signals are slightly bullish as RSI is at 54 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.6687 (38.2%fib), any close above will push the pair towards 1.6756 (Higher BB).
• Strong support is seen at 1.6581 (50%fib) and break below could take the pair towards 1.6498(Loer BB).
Recommendation: Good to buy around 1.6600, with stop loss of 1.6520 and target price of 1.6680
