•EUR/AUD advanced on Friday as escalating geopolitical tensions in the Middle East led investors to shift away from risk-sensitive currencies like the Australian dollar.
• Israel carried out strikes on Iranian nuclear and missile infrastructure, aiming to thwart its atomic weapon program.
•. President Trump suggested Iran provoked the attack by defying a U.S. ultimatum during nuclear negotiations.
•Technically, EUR/AUD continues to show upward momentum. Daily momentum indicators are aligned positively, with the 5-, 10-, and 21-day moving averages all trending higher.
• Immediate resistance is located at 1.7898 (Daily high), any close above will push the pair towards 1.8042(38.2% fib).
• Strong support is seen at 1.7713(50% fib) and break below could take the pair towards 1.7651(June 12th low)
Recommendation: Good to buy around 1.7780 with stop loss of 1.7650 and target price of 1.7880
