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• EUR/AUD eased on Thursday as trading volumes thinned ahead of the U.S. Thanksgiving holiday.
• The euro eased against Australian dollar after its sharp rise on Wednesday following hawkish remarks from European Central Bank board member Isabel Schnabel Thanksgiving holiday.
• On the data front, German annual inflation remained unchanged in November, contrary to expectations of a second consecutive increase. This comes ahead of euro zone inflation data on Friday, which could provide clues about the ECB's next moves.
• Immediate resistance is located at 1.6261(38.2%fib), any close above will push the pair towards 1.6344(23.6%fib).
• Support is seen at 1.6198 (50%fib) and break below could take the pair towards 1.6127 (61.8%fib).
Recommendation: Good to sell around 1.6240, with stop loss of 1.6320 and target price of 1.6170
