• 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
