The EUR/AUD was trying to develop a head and shoulder pattern Monday, with key support (neckline) at the 1.5900 level. If you think stocks are "oversold" then you may want to look at the EUR/AUD and a possible downside move towards the 200-DMA or lower.
Personally, I am torn on the idea, but having an opportunity of buying AUD and selling EUR on a bounce higher in equities makes a lot of sense near term. The flipside to this is that the EUR/AUD 50-DMA crossed over the 200-DMA giving the pair a "golden cross" back in July and bears should respect that development.