• EUR/AUD extended gains on Thursday as euro gained traction after French the government survived a confidence vote.
• French Prime Minister Sebastien Lecornu survived two no-confidence votes in parliament, thanks to last-minute backing from the Socialist Party.
• The move highlights the delicate balance of power in France’s deeply fragmented National Assembly, where minority governments must negotiate across party lines to survive and advance their legislative agenda.
• Eurostat data released on Thursday showed that the Eurozone’s trade surplus narrowed to €1 billion in August, down from €3 billion a year earlier.
• Immediate resistance is located at 1.8109(Higher BB), any close above will push the pair towards 1.8168(23.6%fib).
• Immediate support is seen at 17852(50%fib) and break below could take the pair towards 1.7811(SMA 20).
Recommendation: Good to buy around 1.8000, with stop loss of 1.7900 and target price of 1.8080
