EURAUD

Key Indicators

• The currency pair remains under pressure, trading below both the 20 and 50 SMAs on the 4H/daily charts. Momentum is neutral to slightly bearish with RSI near 44, and MACD flattens out but is weakening.

Fundamental Context

EURAUD slightly rebounded from the early losses. Despite the rebound, a clean close below 1.6275 could unlock momentum selling. Fundamentally, the pair is expected to be extra volatile this week due to a busy economic calendar.