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• EUR/AUD dipped on Tuesday, but the downside was limited in the lead-up to Christmas, reflecting subdued market activity and cautious sentiment.
• The pair's moves have stayed restricted as traders have adjusted their positions before the year-end because of fewer economic catalysts.
• The euro erased earlier gains against the Australian dollar , the pair was last down at 0.02% at 1.6649.
• Immediate resistance is located at 1.6727( 23.6%fib), any close above will push the pair towards 1.6771 (Higher BB).
• Immediate support is seen at 1.6599(38.2%fib) and break below could take the pair towards 1.6486 (50%fib).
Recommendation: Good to buy around 1.6630, with stop loss of 1.6540 and target price of 1.6700.
