• EUR/AUD was little changed on Tuesday as growing geopolitical tensions weighed on investor risk appetite.
• French lawmakers are set to vote on no-confidence motions Wednesday, which are almost certain to oust Prime Minister Michel Barnier's fragile coalition, further escalating the political crisis in the eurozone's second-largest economy.
• A government collapse would create a void at the heart of Europe, with Germany also in election mode, just weeks before U.S. President-elect Donald Trump returns to the White Hous.
• Technical lean bearish, RSI is lower at 47 daily momentum studies 9, 11 and 14 DMA’s are trending down.
• Immediate resistance is located at 1.6258(50%fib), any close above will push the pair towards 1.6339(61.8%fib).
• Support is seen at 1.6166 (38.2%fib) and break below could take the pair towards 1.6085 (Lower BB).
Recommendation: Good to sell around 1.6230, with stop loss of 1.6360 and target price of 1.6140
