• EUR/AUD eased slightly on Thursday as another round of tariff threats and uncertainty surrounding the proposed Ukraine ceasefire negatively impacted investor sentiment..
• U.S. President Donald Trump threatened to impose a 200% surcharge on alcohol imports from Europe and said he won't bend on Canada metals or April 2nd tariffs..
• Optimism surrounding Germany's spending plans diminished as prospective chancellor Friedrich Merz worked to garner support for his proposed changes to the country's debt brake.
• The euro was trading down 0.07% at $1.7256. The currency has gained nearly 4.8% against the Australian dollar so far in March.
• Immediate resistance is located at 1.7385(23.6% fib), any close above will push the pair towards 1.7500(Psychological level).
• Immediate support is seen at 1.7189(38.2% fib) and break below could take the pair towards 1.7029(50% fib).
Recommendation: Good to buy on dips around 1.7220 with stop loss of 1.7140 and target price of 1. 7400
