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• EUR/AUD eased on Monday as the pair lost some bullish traction as investors awaited fresh catalyst further momentum .
• Minutes of RBA's August meeting, Australia Q2 wage index, China July sales, industrial output is upcoming risk for the pair.
• EUR/AUD has seen a 1.6803 -1.6930 range on Friday. Pair was last trading at 1.6806 .
• Technical signals show the pair could gain more ground in the short-term as RSI is at 61 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.6896(23.6%fib), any close above will push the pair towards 1.6935(Daily high).
• Strong support is seen at 1.6772 (5DMA) and break below could take the pair towards 1.7694 (38.2% fib ).
Recommendation: Good to buy around 1.6780 with stop loss of 1.6700 and target price of 1.6860
