• EUR/AUD dipped on Thursday as euro firmed against Australian dollar after July meeting accounts.
• ECB accounts revealed a split among policymakers in July on whether inflation would be higher or lower than expected, hinting at a looming debate.
• The ECB kept its key rate at 2% in July and is expected to hold again next month, with further cuts likely in autumn if the economy slows due to U.S. tariffs.
• The July meeting accounts showed governors agreed on waiting for a U.S.-EU trade deal but were divided on inflation risk outlooks.
• Immediate resistance is located at 1.7935(SMA 20), any close above will push the pair towards 1.8142(Higher BB).
• Immediate support is seen at 1.7834 (50%fib) and break below could take the pair towards 1.7750(Lower BB).
Recommendation: Good to buy on dips around 1.7850 with stop loss of 1.7800 and target price of 1.7960.
