EUR/AUD Technical Analysis: Navigating the Bearish Trend and Key Pivot Levels
ActionForex's latest technical note frames EUR/AUD in a corrective pause within a broader downtrend, with intraday bias neutralized above the 1.6159 swing low while the structural bearish case from the 1.8554 (2025) high remains intact.
Rebecca Jennings·updated September 01, 2026
EUR/AUD Corrective Pause Masks a Larger Bearish Structure
For currency desks monitoring the cross, the immediate map is defined by a tight set of levels — 1.6259, 1.6617, and 1.6108 — that determine whether the decline extends deeper or hands back the recent move.
Levels Defining the Tape
The note treats 1.6159 as the pivot for near-term sentiment. Consolidation above it keeps intraday bias neutral, while a slip back through it reloads the move toward the 1.6108 low — the line that, if decisively cleared, would resume the leg down from 1.8554. On the topside, a firm break of 1.6259 would flip bias back to the upside and open a stronger counter-trend rebound. We continue to treat 1.6617 as the structural ceiling: the level whose hold keeps the multi-month bearish thesis in play, and whose loss would, per the note, confirm medium-term bottoming and invite a stronger rally.
The Bigger Picture
Beyond the tactical pivot, the decline from 1.8554 is framed as the third leg of a larger pattern tracing back through the 1.9799 (2020) swing and the 2.1127 (2008) high. Sustained trading below the 55-month EMA, now at 1.6567, is the filter that confirms the bearish continuation case. The technical target beneath current levels sits at 1.5359 — the 61.8% projection of 1.8160 to 1.6125 from 1.6617 — with the 61.8% retracement of the 1.4281 to 1.8554 range at 1.5913 and, ultimately, the 1.4281 (2022) low as the deeper destination flagged if selling pressure persists.
What We're Watching
For positioning, we frame the cross through three checkpoints: a defense of 1.6108 to validate the next leg toward 1.5359, a sustained close beneath the 55-month EMA at 1.6567 to keep the macro filter bearish, and any decisive breach of 1.6617 that would invalidate the prevailing structure. Until that ceiling gives way, rallies remain corrective in nature, and the path of least resistance continues to favor the downside — a backdrop we are watching alongside the broader repricing of cross-asset liquidity conditions.