FxWirePro:EUR/AUD softens amid U.S. Tariff uncertainty

• EUR/AUD dipped on Monday after President Donald Trump announced a new blanket tariff rate, reviving uncertainty over U.S. trade policy.

• Over the weekend, Trump announced a new 10% rate and then lifted it to 15%, sparking ambiguity over the relevance of trade deals, such as those with the European Union. The European Commission has ruled out changes.

• It remains unclear when the new tariffs will take effect, which goods may be exempt, and whether all countries will face a 15% rate.

• Nations such as the UK and Australia were subject to 10% tariffs, while several Asian countries faced higher rates.

•  Technical signals are bearish as RSI is heading down  at 42, daily momentum studies  5, 9 and 11 DMAs are trending down.

•   Immediate resistance is at 1.6773 (38.2% fib), with a close above potentially pushing the pair to 1.6808 (SMA 20).

• Support is at 1.6610 (23.6% fib), and a break below could push the pair towards 1.6570(Lower BB).

Recommendation: Good to sell around 1.6700, with stop loss of 1.6780 and target price of 1.6650