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FxWirePro : EUR/AUD steadies above 1.7800, retains bullish bias

•EUR/AUD advanced  on Friday as escalating geopolitical tensions in the Middle East led investors to shift away from risk-sensitive currencies like the Australian dollar.

• Israel carried out strikes on Iranian nuclear and missile infrastructure, aiming to thwart its atomic weapon program.

•. President Trump suggested Iran provoked the attack by defying a U.S. ultimatum during nuclear negotiations.

•Technically, EUR/AUD continues to show upward momentum. Daily momentum indicators are aligned positively, with the 5-, 10-, and 21-day moving averages all trending higher.

• Immediate resistance is located at 1.7898 (Daily high), any close above will push the pair towards 1.8042(38.2% fib).

• Strong support is seen at 1.7713(50% fib) and break below could take the pair towards 1.7651(June 12th low)

Recommendation: Good to buy around 1.7780 with stop loss of 1.7650 and target price of 1.7880

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