Technical Analysis of EUR/AUD Pair

The EUR/AUD pair is moving in a bearish trend on the 4-hour and 1-hour timeframes. Prices rebounded lower from the 1.6370 level, which represents an FVG zone on the 4-hour timeframe. The bearish movement is expected to continue during today’s session.

Important Economic News:
Australian banks are on an official holiday today, but the euro is expected to remain active. Therefore, strong market movements are not expected.

Liquidity Levels:
Prices are expected to decline targeting 1.6201, followed by the next liquidity level at 1.6131.

The bearish scenario will be invalidated if prices reach 1.6418.