FxWirePro: EUR/AUD gains some upside momentum but still bearish

• EUR/AUD gained some ground on Thursday as traders assessed Eurozone data and awaited further cues. 

• The euro area unemployment rate slipped to 6.3% in November from 6.4% in October, beating expectations of no change .

• German industrial orders rose unexpectedly in November, jumping 5.6% month-on-month on a seasonally and calendar-adjusted basis .  

• Eurozone consumer confidence improved to -13.1 in December 2025, marking its highest level since October 2024.

• Looking ahead, markets await Eurozone retail sales, ECB commentary, and German industrial output data, alongside key U.S. jobs data.

• Strong  resistance is located at 1.7478(38.2% fib), any close above will push the pair towards 1.7573 (SMA 20)

• Immediate support is seen at 1.7296 (23.6% fib) and break below could take the pair towards 1.7265 (Lower BB).

  Recommendation: Good to sell   around 1.7400, with stop loss of 1.7480 and target price of 1.7320