FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook

• EUR/AUD gave up earlier gains on Wednesday as traders absorbed German inflation data and awaited the Russia-U.S. peace talks.

• Germany’s annual inflation rate held at 2% in July 2025, unchanged from June, matching estimates and remaining at its lowest level in eight months.

• Monthly CPI rose 0.3% in July after remaining flat in June, driven mainly by higher travel costs, including international flights and package holidays.

• Technical signals show the pair could gain more ground in the short-term as RSI is at 53 bullish, daily momentum studies  5, 9 and 11 DMAs are trending  up.

• Immediate resistance is located at 1.7996 (Higher BB), any close above will push the pair towards 1.8068 (38.2%fib).

• Strong support is seen at 1.7850 (20SMA) and break below could take the pair towards 1.7698(50%fib)

Recommendation: Good to buy around 1.7860 with stop loss of 1.7740 and target price of 1.7940