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• EUR/AUD traded in narrow range on Monday as markets looked ahead to key economic data this week.
• All eyes are on the U.S. consumer and producer price data, along with Europe's employment and GDP flash numbers, set to be released this week.
• The pair hit daily low at 1.6545 and was last trading at 1.6598 .
• Immediate resistance is located at 1.6664(38.2% fib), any close above will push the pair towards 1.6825 (23.6% fib).
• Immediate support is seen at 1.6553 (50% fib) and break below could take the pair towards 1.6414 (62.8%% fib).
Recommendation: Good to sell around 1.6020, with stop loss of 1.6100 and target price of 1.6550
