FxWirePro: EUR/AUD hovers around three week low , bias bearish

• The EUR/AUD hovered around three week low as investors digested  ECB rate decision and President Christine Lagarde comments.

• The European Central Bank kept interest rates unchanged at 2% for the third meeting in a row on Thursday and repeated that policy was in a "good place" as economic risks recede and the euro zone shows resilience in the face of uncertainty.

• ECB President Christine Lagarde said at her news conference on Thursday that the central bank's "good place" for policy was not "fixed" and policymakers would treat the risk of undershooting as seriously as that of overshooting -- a principle known as symmetry.

• Lagarde added that recent trade deals, including U.S. tariff cuts on China, eased global risks but key uncertainties remain.

• ECB policymakers are bracing for a December showdown as new three-year forecasts may reveal risks of missing their target, sources told Reuters..

• Immediate resistance is located at 1.7697(38.2%fib), any close above will push the pair towards 1.7784(38.2%fib).

• Immediate support is seen at 1.7581 (23.6%fib) and break below could take the pair towards 1.7503(Lower BB).

Recommendation: Good to sell around 1.7700, with stop loss of 1.781000 and target price of 1.7620