FxWirePro: EUR/AUD gently bid,a close above a key level needed to tighten grip

• EUR/AUD steadied around  1. 7820 as investor sentiment was lifted by news that alleviated concerns over automotive tariffs.

•The market reacted positively to the prospect of reduced tariff tensions, which helped to calm fears of a broader trade war.

•   Markets have recently stabilized amid growing optimism over easing U.S.-China trade tensions, following earlier selling pressures this month when Trump's tariff measures dampened sentiment.

•   ​Germany, France, and Italy are scheduled to release their March 2025 inflation data on Wednesday, April 30, 2025. These reports will provide insights into the consumer price trends in the euro area’s largest economies.

• Immediate resistance is located at 1. 7907 (38.2% fib), any close above will push the pair towards 1. 8000 (Psychological level).

• Strong support is seen at 1. 7626 (61.8% fib) and break below could take the pair towards 1. 7507(Lower BB).

Recommendation: Good to buy around 1. 7800 with stop loss of 1. 7730 and target price of 1. 7890