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FxWirePro- Woodies pivot (Major) 
• EUR/AUD declined sharply on Thursday after PMI data showed downturn in euro zone manufacturing activity .
• HCOB's Eurozone Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 45.1 in December, signaling a continued contraction in the region's manufacturing sector.
• The gloomy data signals that the Eurozone’s manufacturing sector faces significant headwinds moving into 2025.
• Immediate resistance is located at 1.6632(38.2 %fib), any close above will push the pair towards 1.6757(23.6 %fib)
• Strong support is seen at 1.6540(50 %fib ) and break below could take the pair towards 1.6441(61.8 %fib).
Recommendation: Good to sell on rally around 1.6550, with stop loss of 1.6620 and target price of 1.6480
