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FxWirePro: EUR/AUD dips below lower range, bearish bias increases

• EUR/AUD dipped  on Tuesday   as sellers stepped in as geopolitical concerns resurfaced.

• President Donald Trump said he did not want to extend the ceasefire and the U.S. military was "raring to go" if any negotiations failed.

• Tehran remains undecided on joining last-minute Islamabad talks after the U.S. seized an Iranian tanker, escalating tensions.

•  Pakistan said it was still awaiting confirmation from Iran that its delegation would attend peace talks in Islamabad.

• Market sentiment remains heavily influenced by geopolitical developments, particularly the approaching U.S.-Iran ceasefire deadline on Wednesday evening.

• Immediate resistance is located at 1.6478(April 17th high), any close above will push the pair towards 1.6592(SMA 20).

• Immediate support is seen at 1.6401 (38.2%fib) and break below could take the pair towards 1.6344(LowerBB).

Recommendation: Good to sell around 1.6430, with stop loss of 1.6480and target price of 1.6350
 

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