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• EUR/AUD eased on Monday as Australian dollar held firm against euro ahead of RBA policy decision .
• Australia's central bank, the Reserve Bank of Australia (RBA), will likely maintain its key policy rate at 4.35% for a fourth consecutive meeting on Tuesday.
• At GMT 17:58, the pair was trading down 0.09 percent at 1.6254 after reaching daily high at 1.6289.
• Technical signals are bearish as RSI is heading down at 35, daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.6301 ( 38.2% fib), any close above will push the pair towards 1.6378(50% fib)
• Support is seen at 1.6239(23.6%fib ) and break below could take the pair towards 1.6212(Lower BB).
Recommendation: Good to sell on rally around 1.6260, with stop loss of 1.6370 and target price of 1.6170
