EUR/AUD: Outlook for Future Price Movement 

EUR/AUD Price Forecast 

The EUR/AUD pair rose today, climbing above the 1.6000 level as it attempts to complete a "Bat" harmonic pattern near the 1.6200 mark.

Should a corrective pullback occur—bringing the price toward the 1.5640–1.5650 range—a rebound accompanied by reversal candlesticks would, in my view, present a strong buying opportunity.

Expected targets are 1.6080 (initial target) and 1.6200 (final target), the latter being near the downward trendline on the daily timeframe.

Once the pattern is completed, I anticipate a selling opportunity near this trendline, with potential downward movement toward 1.6100 and subsequently 1.6050.

It is worth noting that the Australian interest rate decision is due tomorrow; expectations point to a rate hike from 4.60% to 4.85%.