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FxWirePro- Woodies pivot (Major) 
• EUR/AUD gained towards 1.6577 on Wednesday as Australian dollar dipped after Australian Feb CPI came in softer than expected.
• The three-month annualised pace of CPI inflation slowed to 2.4%, putting it within the Reserve Bank of Australia's (RBA) target band of 2% to 3% . The monthly consumer price index (CPI) for February rose 0.2% from January,.
• At GMT 17:26, the pair was trading up 0.03 percent at 1.6577 ,recovering from daily low (1.6564) .
• From a technical viewpoint, RSI is strongly bullish at 52, daily momentum studies, 5, 10 and 21 daily MA’s are trending up.
• Immediate resistance is located at 1.6618 (38.2%fib), any close above will push the pair towards 1.6653 (March 20th high).
• Immediate support is seen at 1.6568 (Daily low) and break below could take the pair towards 1.6525 (38.2%fib).
Recommendation: Good to buy on dips around 1.6570, with stop loss of 1.6500 and target price of 1.6670.
