FxWirePro: EUR/AUD retreats slightly but trend is still bullish

•EUR/AUD dipped on Tuesday  as  a broad risk-off mood gripped global markets.

•Investor sentiment globally has been fragile, traders are also cautious ahead of the long-delayed U.S. jobs report due on Thursday.

• The European Central Bank on Tuesday urged eurozone banks to prepare for unprecedented shocks that could severely disrupt financial systems, outlining its supervisory priorities for the next three years.

• The ECB said banks must adapt to a new reality of frequent shocks rom tariffs to cyberattacks preparing for a range of risks without knowing the nature of the next crisis.

• Australia’s Q3 Wage Price Index is scheduled for release at 0030 GMT, with a Reuters pollconsensus projecting +0.8% quarter-on-quarter growth and +3.4% year-on-year growth. The data will provide insight into domestic wage pressures and potential inflationary trends.

• Immediate resistance is located at 1.7905(Higher BB), any close above will push the pair towards 1.7943(38.2%fib).

• Support is seen at 1.7741(50%fib) and break below could take the pair towards 1.7590(Lower BB).

Recommendation: Good to buy  around 1.7800, with stop loss of 1.7720 and target price of 1.7900