• EUR/AUD advanced above 1.6250 level as risk aversion and falling commodity prices pressured Australian dollar.
• Oil prices fell after data showed U.S. crude inventories rose by more than expected even as refining activity rebounded.
• Investors are cautiously watching political events in the US, with rising betting odds of a Donald Trump victory having hurt tariff-sensitive segments.
• Immediate resistance is located at 1.6286 (38.2%fib), any close above will push the pair towards 1.6334(23.6%fib)
• Support is seen at 1.6239(38.2 %fib ) and break below could take the pair towards 1.6189(50 %fib).
Recommendation: Good to buy around 1.6250 , with stop loss of 1.6150 and target price of 1.6320
