EUR/AUD: Bearish Trend & Momentum Shift
- The EUR/AUD cross pair, after a four-week surge from a low of 1.7254 on May 14, 2025, to a high of 1.7884 on June 13, 2025, may be...
- A break below the 1.7625 support level, were the 20-day and 50-day moving averages intersect, could expose medium-term supports at 1.7475 and 1.7255.
- The recent upward movement triggered a bearish reaction at the upper boundary of a medium-term descending channel that began forming April 9, 2025.
The EUR/AUD pair faces a potential corrective decline after a recent surge. News Directory 3 reports that the four-week rally, from May 14 to June 13, may be ending. Traders should watch for a break below the 1.7625 support level, which could confirm a bearish trend, or a move above 1.7890, possibly signaling a bullish reversal. Analysts favor a bearish bias, with the flattening moving averages indicating an end to the uptrend. Key levels to monitor include support at 1.7475 and 1.7255 if the decline continues. A sustained move above 1.7890 could trigger an impulsive upward move.Discover what’s next for the EUR/AUD.
EUR/AUD Cross Pair Faces Potential corrective Decline
Updated june 19, 2025
The EUR/AUD cross pair, after a four-week surge from a low of 1.7254 on May 14, 2025, to a high of 1.7884 on June 13, 2025, may be at a turning point. Analysts suggest the odds now favor a medium-term corrective decline.
A bearish bias is preferred, with key resistance at 1.7890. A break below the 1.7625 support level, were the 20-day and 50-day moving averages intersect, could expose medium-term supports at 1.7475 and 1.7255.
The recent upward movement triggered a bearish reaction at the upper boundary of a medium-term descending channel that began forming April 9, 2025. The flattening of the 20-day and 50-day moving averages indicates the end of the prior uptrend phase.
However, a clearance above 1.7890 could shift momentum back to a bullish trend. This could trigger an impulsive upward move, targeting medium-term resistances at 1.7980 and 1.8150.
What’s next
Traders shoudl monitor the 1.7625 and 1.7890 levels for potential breakouts, which could determine the short-term trajectory of the EUR/AUD cross pair. A sustained break below support woudl confirm the corrective decline, while a move above resistance could signal a bullish role reversal.