EUR/AUD Bearish Trend Continues: Rebound from Resistance

The EURAUD currency pair continues to exhibit a persistent bearish trend, with recent price action indicating a rebound from the previous resistance area. Our analysis suggests that this rebound is likely to be a temporary retracement within the broader bearish trajectory. Therefore, our perspective aligns with the idea of a bearish continuation, as we anticipate the price to resume its downward movement in alignment with the prevailing main trend.