• EUR/AUD pair recovered some ground on Thursday as optimism over Iran peace talks faded after negotiations reportedly went off script.
•Iran accused the U.S. of violating a ceasefire by targeting ships and civilian areas, reviving geopolitical risk sentiment and weighing on the Australian dollar.
•The U.S. military said it carried out retaliatory strikes on Thursday against Iranian sites it claims were responsible for attacks on American forces.
•Focus now shifts to Friday’s U.S. non-farm payrolls report, with Reuters consensus expecting 62,000 jobs.
• Immediate resistance is located at 1.6346 (SMA 20), any close above will push the pair towards 1.663(Higher BB).
• Immediate support is seen at 1.6188(23.6%fib) and break below could take the pair towards 1.6074 (Lower BB).
Recommendation: Good to sell around 1.6350 with stop loss of 1.6450 and target price of 1.6270
