EUR/AUD Daily Outlook

Intraday bias in EUR/AUD Is back on the downside with breach of 1.6159. Fall from 1.6617 should target a retest on 1.6108 low. Decisive break there will resume the whole down trend from 1.8554 high too. On the upside, above 1.6251 minor resistance will intraday bias neutral again first.

In the bigger picture, fall from 1.8554 (2025 high) is in progress. On resumption, next target is 61.8% projection of 1.8160 to 1.6125 from 1.6617 at 1.5359. Outlook will remain bearish as long as 1.6617 resistance holds, in case of rebound.

ActionForex
ActionForex
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was expanded to cover more pairs. In addition to that, Top Movers, Heat Map, Pivot Point Charts and Pivot Meters, Action Bias and Volatility Charts, are tools used by traders from all over the world.

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