EUR/AUD 4H: Bearish RSI Divergence at XABCD ResistanceEuro vs Australian DollarIC:EURAUDnarmakEUR/AUD is approaching the 1.6280–1.6300 resistance zone, where the drawn harmonic pattern reaches point D. Price is testing fresh local highs, but RSI is forming lower highs—signaling weakening upside momentum and a potential corrective move. Technical Confluence • Bearish RSI divergence: The latest price advance lacks momentum confirmation. This raises the risk of a pullback, although divergence alone does not confirm a reversal. • Potential harmonic pattern completion: Point D overlaps the previous highs, creating a possible rejection zone. The displayed ratios do not clearly validate a textbook harmonic pattern, so price confirmation remains essential. • Bullish trend context: Price remains above rising moving averages. Any bearish opportunity is initially a countertrend correction rather than a confirmed reversal of the broader recovery. Bearish Confirmation I am watching for a clear 4H rejection around 1.6280–1.6300, followed by a break of the nearest higher low. A sustained move below 1.6230–1.6240 and a failed retest would strengthen the bearish case. Potential Downside Levels • First reaction area: 1.6230–1.6240 • Next support: 1.6200–1.6210 • Deeper structural support: 1.6150–1.6160 These are potential reaction zones, not guaranteed targets. Invalidation / Bullish Alternative A decisive 4H close above 1.6300, followed by a successful retest, would weaken the immediate bearish setup. Renewed RSI strength would support continuation higher. Bias: Cautiously bearish at resistance, pending confirmation. The confluence favors monitoring for exhaustion, but sellers still need to prove control through rejection and a structure break. Until then, the bullish recovery remains intact. Analysis based on the supplied EUR/AUD 4H chart. Levels are approximate. Educational purposes only; manage risk independently. #EURAUD #Forex #RSIDivergence #HarmonicPattern #TechnicalAnalysis