EUR/AUD is testing resistance levels, potential for breakout ahead of inflation rate release

From Investing.com: 2025-07-01 00:23:00

EUR/AUD has been gradually rising after a sharp drop, now testing the resistance area at 1.79663 – 1.79840 this week. Key events this week include Eurozone Core CPI at 2.3% (YoY) and Trade Balance for AUD at 5.080B. Core CPI measures inflation trends, influencing ECB policy and EUR strength. Trade Balance reflects Australia’s exports and imports, impacting AUD value. Technical analysis shows a Symmetrical Triangle Pattern, with potential long positions if breakout occurs at 1.79777 and short positions if support breaks at 1.78303. Indicators support EUR/AUD upside.



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