• EUR/AUD traded flat on Wednesday as investors stayed on sideline ahead ECB's interest rate decision .
• The ECB's decision is due on Thursday, with markets pricing in a 25-basis-point cut.
• Lagarde and colleagues are unlikely to drop clear hints about future moves on Thursday, repeating their mantra that decisions will be made "meeting by meeting" based on incoming data.
• Immediate resistance is located at 1.6331(38.2%fib), any close above will push the pair towards 1.6384(Higher BB)
• Support is seen at 1.6258(50%fib) and break below could take the pair towards 1.6176(61.8%fib)
Recommendation: Good to sell around 1.6310, with stop loss of 1.6400 and target price of 1.6220
