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• EUR/AUD dipped modestly on Friday as volumes muted ahead of weekend talks between China and the U.S.
• .S. Treasury Secretary Scott Bessent will meet China's top economic official on May 10 in Switzerland to negotiate a trade war that's impacting the global economy.
• The meeting aims to address mutual tariff concerns that have strained relations and disrupted global trade in recent years.
•Technical highlight upside downside for EUR/AUD with momentum studies, 11,14 and 21 SMAs tracking south.
• Immediate resistance is located at 1.7717(May 2nd high), any close above will push the pair towards 1.7850(38.2% fib).
• Support is seen at 1.7471(50% fib) and break below could take the pair towards 1.7363 (Lower BB )
Recommendation: Good to sell around 1.7550, with stop loss of 1.7610 and target price of 1.7480
