EUR/AUD – Bearish Reversal Structure Forming

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EUR/AUD – Bearish Reversal Structure FormingEuro/Australian DollarFX:EURAUDniclaxfxPrice is rejecting a major resistance zone after completing a bearish harmonic-style structure near previous highs. The move also resembles a developing double top, with buyers failing to sustain momentum above resistance. Neckline support is now under pressure, while RSI continues to weaken — signaling fading bullish momentum. 📝 Key confluences: 🔻 Bearish rejection from major resistance 🔻 Double top + harmonic reversal structure 🔻 RSI momentum decline 🔻 Price trading below short-term MA support A confirmed neckline breakdown could open continuation toward: ◘ 1.6180 support zone ◘ 1.6120 bearish projection target 📉 Bias remains bearish unless price reclaims recent highs and invalidates the rejection structure.