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• EUR/AUD declined on Thursday as French election uncertainty continued to weigh on euro .
• Le Pen's far-right seen leading vote in French snap elections,a far-right or far-left victory in France would likely drive the euro lower further.
•The pair is pinned near23.6% fib support, a daily close below will accelerate downtrend towards 1.6000 level.
• From a technical viewpoint, the daily moving averages are pointing downwards, while the RSI is bearish at 32.
• Immediate resistance is located at 1.6118 ( Daily high), any close above will push the pair towards 1.6162( 38.2 % fib).
• Strong support is seen at 1.6059 (23.6% fib ) and break below could take the pair towards 1.6015 (Lower BB).
Recommendation: Good to sell around 1.6100, with stop loss of 1.6160 and target price of 1.6000
