HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial EUR/AUD has been impulsive with the bearish gains since it bounced off the 1.6350 area with a daily close being in a strong bullish trend earlier. AUD is currently the stronger currency in the pair which might lead to further bearish pressure despite the recent bullish bounce off the 1.6050 area.Tho EUR/AUD at a Glance Euro (Currency code: EUR) Central bank: The European Central Bank; The euro is used by over 320 million Europeans and 17 nations in the eurozone (euro area). Over 175 million people use currencies pegged to the euro, such as the Danish krona (DKK) and West African CFA franc (XOF). Eurozone economies vary widely.