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• EUR/AUD eased slightly but remained close to four month highs as investors booked some profits heading into the New Year
• There are no Eurozone data releases scheduled for Tuesday, leading to quieter market conditions.
• The next European Central Bank (ECB) meeting is on January 30, which could become a key focus as markets await potential signals on interest rates and monetary policy.
•The technical outlook remains bullish and points to eventual bigger gains, Fourteen-day momentum is positive, reinforcing the scope for a bigger gains
• Immediate resistance is located at 0.6791(23.6%fib), any close above will push the pair towards 0.6861 (Higher BB).
• Support is seen at 1.6638 (38.2%fib) and break below could take the pair towards 1.6521(50%fib).
Recommendation: Good to buy around 0.6730, with stop loss of 0.6680 and target price of 0.6950.
