EUR/AUD Bearish Breakdown Supported by Additional China Fiscal Stimulus and AU Inflation

<p><img width="612" height="428" src="https://www.actionforex.com/wp-content/uploads/2022/12/f-eur-aud6.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2022/12/f-eur-aud6.jpg 612w, https://www.actionforex.com/wp-content/uploads/2022/12/f-eur-aud6-600×420.jpg 600w, https://www.actionforex.com/wp-content/uploads/2022/12/f-eur-aud6-150×105.jpg 150w, https://www.actionforex.com/wp-content/uploads/2022/12/f-eur-aud6-300×210.jpg 300w, https://www.actionforex.com/wp-content/uploads/2022/12/f-eur-aud6-601×420.jpg 601w, https://www.actionforex.com/wp-content/uploads/2022/12/f-eur-aud6-100×70.jpg 100w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Weak PMI readings from the Eurozone, an increase in China’s budget deficit ratio, and renewed inflationary pressures in Australia may trigger a persistent bearish sentiment loop in EUR/AUD. Watch the key short-term resistance at 1.6700 for EUR/AUD. A break below 1.6250 key medium-term support on the EUR/AUD may trigger a multi-week bearish impulsive down move. [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/524449-eur-aud-bearish-breakdown-supported-by-additional-china-fiscal-stimulus-and-au-inflation/">EUR/AUD Bearish Breakdown Supported by Additional China Fiscal Stimulus and AU Inflation</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>