• EUR/ AUD struggled for direction on Thursday as market focus turned to US-Iran peal deal and to upcoming U.S. economic data. • Tensions remained elevated in the Gulf after reports suggested a proposed Iran-Oman deal to end the U.S.-Iran conflict could give Tehran oversight of inbound shipping through the Strait of Hormuz. • Immediate resistance is located at 1.6410(Daily high), any close above will push the pair towards 1.6468(50%fib). • Immediate support is seen at 1.6334(38.2% fib) and break below could take the pair towards 1.6254(Lower BB). Recommendation: Good to sell round 1.6400, with stop loss of 1.6450 and target price of 1.6360