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• EUR/AUD eased on Monday, but the downside was limited as the pair struggled for direction amid thin liquidity
• Holidays in China, Japan, South Korea and Indonesia made for thin conditions. Australia will release the jobs data for August on Thursday.
• EUR/AUD has seen a 1.6545 -1.6477 range on Monday. Break lower at 50% fib risks run towards1.6350level .
• Immediate resistance is located at 1.6538 ( 38.2%fib), any close above will push the pair towards 1.6632 (Sep 11th high).
• Immediate support is seen at 1.6440(50%fib) and break below could take the pair towards 1.6237 (61.8%fib).
Recommendation: Be on sidelines.
