FxWirePro: EUR/AUD edges higher but outlook still bearish

• EUR/AUD recovered slightly on Wednesday   as investors paused to assess the latest U.S.–Venezuela developments and digest a new round of economic data...

•Data showed, Euro zone inflation eased to 2% last month, rounding out an unexpectedly subdued year for price growth, even as markets weigh the delayed impact of U.S. tariffs, German stimulus plans and renewed geopolitical tensions.

•The unemployment rate in Germany, euro zone's largest economy, rose less than expected in December. On the other hand, retail sales in November fell unexpectedly.

•In France, data showed France's consumer confidence recovered somewhat at the end of the year. 

•   Immediate resistance is located at 1.7484(38.2%fib), any close above will push the pair towards 1.7568 (SMA20).

• Strong support is seen at 1.7315 (23.6%fib) and break below could take the pair towards 1.7280(Lower BB).

 Recommendation: Good to sell around 1.7380, with stop loss of 1.7480, and target price of 1.7300