• EUR/AUD traded in tight range on Monday market focused was on U.S.-China trade developments and a slew of economic data.
•U.S. Treasury Secretary Scott Bessent said Monday that several key U.S. trading partners have made strong tariff proposals, and China's exemptions on some U.S. goods signal a move toward easing trade tensions.
• Data due this week includes the U.S. job openings report on Tuesday, Personal Consumption Expenditures on Wednesday, and the nonfarm payrolls report on Friday.
•Market participants will scan these to gauge the impact of the latest tariffs on the U.S. economy.
• Immediate resistance is located at 1. 7886 (50% fib), any close above will push the pair towards 1. 8000 (Psychological level).
• Strong support is seen at 1. 7629 (61. 8% fib) and break below could take the pair towards 1. 7392 (Lower BB).
Recommendation: Be on side ines
