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FxWirePro- Major Pair levels and bias summary 
• EUR/AUD initially gained on Friday but gave up ground as investors booked profits on long position ahead of week end.
• On the data front, consumer prices in France rose 1.6% year-on-year in October, statistics office INSEE said on Friday, revising slightly up its preliminary reading of 1.5% published late last month.
• EU-harmonised year-on-year inflation in the bloc's second-biggest economy accelerated slightly in October, compared with the September reading of +1.4%..
• From a technical viewpoint, the moving averages are pointing downwards, while the RSI is strongly bearish at 48.
• Immediate resistance is located at 1.6350(38.2% fib), any close above will push the pair towards 1.6428(23.6% fib).
• Immediate support is seen at 1.6288(50%fib) and break below could take the pair towards 1.6220(61.8%fib).
Recommendation: Be on sidelines
