• EUR/AUD steadied around 2-months high on Tuesday as worries about China's economy and falling commodity prices put pressure on the Australian dollar.
•The euro pair was up 0.2% against the Australian dollar at $1.6409, highest level since 10th June .
• On the data front, investors will focus on preliminary Australian Judo Bank PMI data for July, which will be published on Wednesday.
• Immediate resistance is located at 1.6446(23.6% fib), any close above will push the pair towards 1.6494(Higher BB).
• Strong support is seen at 1.6347(38.2% fib) and break below could take the pair towards 1.6274(50% fib).
Recommendation: Good to buy around 1.6380, with stop loss of 1.6260 and target price of 1.6460
