The Australian euro pair rose today, especially after positive inflation data from the eurozone exceeded expectations, with negative data for the Australian currency since the beginning of the week.

FINA: - the pair is currently trading above the support levels of 1.6570, and is trying to form the harmonic patterns shown in the chart, the bat model, as well as the deep and centered crab model, near the downtrend levels between the levels of 1.6620 to 1.6635, from which we can sell the pair with targets reaching the levels of 1.6575 and then 1.6500.

The scenario fails if the downtrend breaks out and closes above the one-day candle or reaches the levels of 1.6700.