• The EUR/AUD eased on Tuesday as concerns over U.S. tariffs and President Trump’s renewed criticism of Fed Chair Jerome Powell kept investors cautious.
• President Trump’s continued attacks on U.S. Federal Reserve Chair Jerome Powell contributed to market uncertainty as investors returned to the market after the Easter weekend break
• Growing worries persist that Trump may attempt to replace Powell with a Fed chair more in line with his economic views.
• As the rhetoric from the White House grows, investors are increasingly concerned that Trump may seek to replace Powell with a Fed chairperson more aligned with his economic views.
• Investors are now focused on the upcoming Eurozone consumer confidence report, due at 1400 GMT, followed by flash PMI surveys from France, Germany, and the Eurozone on Wednesday.
• Immediate resistance is located at 1.8008 (38.2%fib), any close above will push the pair towards 1.8128 April 14th high).
• Immediate support is seen at 1. 774 3 (50%fib) and break below could take the pair towards 1. 7507 (61. 8%fib).
Recommendation: Good to buy around 1. 7800, with stop loss of 1. 7650 and target price of 1.8000
