• EUR/AUD was little changed Monday as holiday-thinned trade kept the pair range-bound
• The European Union's economic schedule this week is packed with key releases, including Germany’s GfK Consumer Confidence, EU employment data, and retail sales figures.
• Inflation reports are also due from Germany, France, Italy, Spain, and the wider Eurozone, offering fresh insight into price pressures across the region.
• The European Central Bank (ECB) is widely expected to cut interest rates at its upcoming policy meeting, as it shifts toward a more accommodative stance amid easing inflation pressures and signs of slowing economic growth in the euro area.
• Immediate resistance is located at 1.7719(38.2% fib), any close above will push the pair towards 1.7772(Higher BB).
• Immediate support is seen at 1.7442(50% fib) and break below could take the pair towards 1.7282(Lower BB).
Recommendation: Good to buy on dips around 1.7550, with stop loss of 1.7500 and target price of 1.7650.
