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• EUR/AUD traded in tight range on Monday as market awaited for fresh catalyst for further movement.
• investors awaited a series of central bank meetings this week, including the U.S. Federal Reserve's policy decision on Wednesday, to pick up on clues on inflation and interest rates.
•The pair remains bullish and might gain towards 1.6570. The pair has seen a 1.6570-1.6603 range on Monday.
• Immediate resistance is located at 1.6610 (March 15th high), any close above will push the pair towards 1.6662 (23.6%fib).
• Strong support is seen at 1.6554 (38.2%fib) and break below could take the pair towards 1.6509 (March 14th ).
Recommendation: Good to buy around 1.6570, with stop loss of 1.6500 and target price of 1.6660
