The Australian euro pair rose during today's trading on Monday with Friday's trading in light of the scarcity of economic data from Australia today, as we are waiting for inflation data from Australia this week, specifically next Wednesday, represented by the Consumer Price Index.

On the other side of the Eurozone, we are waiting today at 3:00 pm Egypt time for the speech of the president of the German Federal Bank, and at 6:00 pm we will have an appointment with the speech of Christine Lagarde, the governor of the European Central Bank.

Technically:-EURUSD pair is trying to complete the ascending harmonic bat model, where the pair is currently targeting the levels of 1.6580 at the downtrend and is followed by the levels of 1.6595 near the resistance levels and the target of the harmonic model, from which we can start building short positions on the pair after the model is completed to target the levels of 1.6540 as the initial target and then the levels of 1.6470 as the second target. This scenario fails if the 1.6615 levels are breached.