• EUR/AUD initially gained but gave up some ground as investors digested from release of the Federal Reserve’s October meeting minutes.
• Late on Wednesday, US President Donald Trump signed the legislation ending a 43-day government shutdown and enabling the release of a backlog of US macroeconomic data..
• The minutes noted that one official favored an immediate halt to quantitative tightening (QT), with Fed Governor Stephen Miran confirming Wednesday in a speech that he cast the dissenting vote..
•Looking ahead, investors will watch EU economic indicators due Thursday, including November’s consumer confidence survey (poll at -14.0) and PMI data, which could influence euro sentiment further.
• Immediate resistance is located at 1.7887(Daily high), any close above will push the pair towards 1.7925 (38.2%fib).
• Support is seen at 1.7746(50%fib) and break below could take the pair towards 1.7566(61.8%fib).
Recommendation: Good to sell around 1.7800, with stop loss of 1.7880 and target price of 1.7750
