• EUR/AUD strengthened on Tuesday but gains were limited as investors assess the impact of U.S. President-elect Donald Trump's likely policies on growth and inflation.
• Euro is likely to remain sensitive to U.S. tariff fears and political uncertainty in Germany.
• Technical lean bearish, RSI is lower at 46 daily momentum studies 9, 11 and 14 DMA’s are trending down.
• Immediate resistance is located at 1.6296 (38.2%fib), any close above will push the pair towards 1.6375 (50%fib).
• Support is seen at 1.6178 (23.6%fib) and break below could take the pair towards 1.5359 (Oct 7th low).
Recommendation: Good to sell around 1.6270, with stop loss of 1.6360 and target price of 1.6200
