• EUR/AUD dipped on Friday as investors moved back into riskier assets, supporting the Australian dollar.
• U.S. President Donald Trump on Friday demanded Iran’s “unconditional surrender,” marking a sharp escalation in rhetoric a week after the war began with joint U.S.–Israeli strikes on Tehran.
• Oil prices paused their rally despite the escalating conflict disrupting shipments through the Strait of Hormuz for a fifth straight day.
•U.S. crude settled up 0.13%, or 10 cents, at $74.66 a barrel and Brent settled unchanged at $81.40 per barrel..
• Technical signals are bearish as RSI is at 27, momentum studies 11,14 and 21 DMAs are trending down.
• Strong resistance is located at 1.6663(38.2%fib), any close above will push the pair towards 1.6873(50%fib)
• Immediate support is seen at 1.6432 (23.6% fib) and break below could take the pair towards 1.6381(Lower BB).
Recommendation: Good to sell around 1.6530, with stop loss of 1.6600 and target price of 1.6460
