FxWirePro: EUR/AUD falls below 1.7800 ,scope for further downside

• EUR/AUD declined on Monday  as euro attracted sellers after new U.S.-EU trade d eal.

• Trump and von der Leyen struck a trade deal Sunday, setting a 15% tariff on EU goods—half the rate Trump had threatened for August 1.

• In return, the European Union agreed to lower its import duty on U.S.-made cars to 2.5%, aligning with the rate the U.S. imposes on foreign vehicles, an EU official confirmed on Monday.

• Other major economies are racing to finalize trade agreements before the August 1 deadline set by U.S. President Donald Trump, in an effort to avoid punitive tariffs and secure favorable terms amid rising global trade uncertainty.

•  Immediate resistance is located at 1.7853 ( SMA9), any close above will push the pair towards 1.8076 (38.2% fib)

• Support is seen at 1.7707(Daily low) and break below could take the pair towards 1.7638 (June 19th low).

Recommendation: Good to sell on rally around 1.7780 with stop loss of 1.7850 and target price of 1.7700.