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FxWirePro: EUR/AUD positions for another climb, eyes 1.6900 level

• EUR/AUD steadied around 1.6843 on Friday as drops in equities , copper weighed on Australian dollar • EUR/AUD 's focus is on 23.6%fib, a break and close above will accelerate further gains. •Technical signals show the …

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FxWirePro: EUR/AUD positions for another climb, eyes 1.6900 level
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• EUR/AUD   steadied around 1.6843 on Friday as drops in equities , copper weighed on Australian dollar

• EUR/AUD   's focus is on 23.6%fib, a break and close above will accelerate further gains.

•Technical signals show the pair could gain more ground in the short-term as RSI is at 64 ,while moving averages and MACD are trending higher.

• Immediate resistance is located at 1.6897( 23.6%fib), any close above will push the pair towards 1.6948 (Higher BB).

• Strong support is seen at 1.6752(9DMA) and break below could take the pair towards 1.6695 (5DMA )

Recommendation: Good to buy around 1.6830 with stop loss of 1.6700 and target price of 1.6800

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