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FxWirePro:EUR/AUD longs maintain the advantage after U.S. inflation data

• EUR/AUD rose on Thursday  as the pairs bullish  allure persisted across the board  after U.S inflation data.

• At GMT 17:02, the pair was trading up 0.71 percent  at 1.6673, highest level since September 15th.

• EUR/AUD is likely to maintain its upward move as long as remains above   50%fib support zone.

 • From a technical viewpoint, the moving averages are pointing upwards, while the RSI  is   bullish at 56

• Immediate resistance is located at 1.6666 (Daily high), any close above will push the pair towards 1.6741(23.6%fib).

• Strong support is seen at 1.6631(38.2%fib) and break below could take the pair towards 1.6545(50%fib).

Recommendation: Good to buy around 1.6660, with stop loss of 1.6560 and target price of 1.6740

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