EUR/AUD Technical Analysis: 1.5800 and 1.5785 challenge sellers ahead of Australian jobs report

• EUR/AUD trades little changed around 1.5825 during the initial hours of Asian trading on Thursday.
• January month Australian jobs report, to be released on 00:30 GMT, will become immediate focus of the pair traders.
• Nearly three-week-old descending trend-line portrays the pair’s gradual declines since early-month.
• However, horizontal-line connecting lows marked on Friday and Monday, followed by late highs of February 05, could offer immediate support to the pair around 1.5800 and then near 1.5785.
• In case prices refrain to respect 1.5785 support, 1.5740 and 1.5725 are likely following numbers to gain market attention.
• On the contrary, 1.5865 could restrict the pair’s immediate upside ahead of highlighting the 1.5885 trend-line resistance.
• Should the quote rallies past-1.5885 then 1.5920 and 1.5970 can offer intermediate halts during the upward trajectory to 1.6000 round-figure.

EUR/AUD hourly chart