FxWirePro:EUR/AUD upside limited, scope for a dve through a key fibo

• EUR/AUD edged higher on Friday as  concerns about a conflict between the U.S. and Iran  dampened risk appetite.     

•  The two countries made progress in nuclear talks on Thursday, but no breakthrough was reached to prevent potential U.S. strikes amid a large military buildup.

• Donald Trump said he was not happy with Iran and wants to make a deal with Tehran but warned that "sometimes you have to" use military force, helping to support oil and gold into U.S. and Iran talks next week.

• Overall market movements have remained subdued this week as traders assess geopolitical uncertainty and the impact of new tariffs, following the U.S. Supreme Court’s decision to strike down President Donald Trump’s emergency tariffs last week.

• Technical signals are bearish as RSI is heading down  at 21, daily momentum studies  5, 9 and 11 DMAs are trending down.

•   Immediate resistance is at 1.6556 (38.2% fib), with a close above potentially pushing the pair to 1.6759 (SMA 20).

•  Support is at 1.6556 (23.6% fib), and a break below could push the pair towards 1.6466(Lower BB).

Recommendation: Good to sell around 1.6610, with stop loss of 1.6680 and target price of 1.6550