EUR/AUD BULLISH AND BEARISH SETUPS

On EUR/AUD, we have a bearish setup following the overnight Australian Dollar data. Currently, there are two setups:

Break of demand zone with a retest of the same before continuing short towards 1.63.
Retracement in the 1.6540 area, where we have a Fibonacci Vertical Grid (FVG) and a Forex48 block. The latter represents a potential zone for a short entry.
Let me know what you think. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.