•EUR/AUD trades within limited ranges as investors took a cautionary stance ahead of European Central Bank rate decision.
•The European Central Bank's policy meeting is scheduled for Thursday, and the ECB is widely anticipated to lower rates by 25 basis points to 3.50%.
• Alongside the central bank meetings, a range of economic data is anticipated, including inflation figures from the U.S as well as British GDP figures.
•The pair is holding near today's low and has managed to stay above the crucial 50 %fib support level.
•Immediate resistance is located at 1.6627(38.2%fib), any close above will push the pair towards 1.6719(Higher BB)
•Support is seen at 1.6489(50 %fib ) and break below could take the pair towards 1.6370(61.8%fib).
Recommendation: Good to sell around 1.6570 , with stop loss of 1.6630 and target price of 1.6460
