Intraday bias in EUR/AUD is turned neutral with current recovery. Some consolidations would be seen and stronger rebound cannot be ruled out. But outlook will remain bearish as long as 1.6264 resistance holds. Below 1.5573 will resume larger down trend.
In the bigger picture, down trend from 1.8554 (2025 high) is in progress. Firm break of 1.5963 (2024 low). Should confirm that it’s already reversing whole up trend from 1.4281 (2022 low) and pave the way to this support. However, decisive break of 1.6264 resistance will indicate medium term bottoming, and bring stronger rebound back to 1.6842 resistance, even as a corrective bounce.
