• EUR/AUD edged lower on Friday as investors digested a week defined by central bank decisions led by the Fed’s rate cut.
• Sentiment toward the euro was also dampened by labor strikes in France and concerns over potential future Russian LNG supply disruptions.
• European Union finance ministers on Friday agreed on a roadmap to launch a digital euro, aiming to offer an alternative to the dominant U.S.-based Visa and Mastercard networks.
• Immediate resistance is located at 1.7931(Sep 1st high), any close above will push the pair towards 1.8000(Psychological level).
• Immediate support is seen at 1.7806(SMA 20) and break below could take the pair towards 1.7699(50% fib).
Recommendation: Good to buy on dips around 1.7780, with stop loss of 1.7670 and target price of 1.7860
