### **EUR/AUD Technical Outlook**
After a **prolonged selling pressure**, EUR/AUD has now reached a **major weekly demand zone near 1.6360**, where price is showing early signs of stabilization. The pair has been forming consistent lower lows, but the recent reaction from this demand area suggests that sellers may be losing momentum.
On the **daily timeframe, RSI is showing bullish divergence**, indicating weakening bearish momentum and increasing probability of a short-term corrective bounce.
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