• EUR/AUD strengthened on Monday as investors positioned ahead of an expected European Central Bank rate decision on Thursday.
• The European Central Bank meets Thursday amid U.S. tariff threats, which could complicate the Eurozone’s economic outlook.
• Traders expect more rate cuts, with the key question being whether the ECB provides any new guidance on future policy.
• Immediate resistance is located at 1.6730(23.6%fib), any close above will push the pair towards 1.6772(Higher BB)
• Support is seen at 1.6579(38.2%fib)and break below could take the pair towards 1.6512 (Jan 27th low)
Recommendation: Good to buy around 1.6650 , with stop loss of 1.6560 and target price of 1.6800
