Intraday bias in EUR/AUD stays neutral at this point. On the downside, firm break of 1.6250 will extend the fall from 1.6617 to retest 1.6108 low. On the upside, above 1.6444 will bring another rebound to 1.6503. Overall, corrective pattern from 1.6108 (or 1.6125) could still extend for a while before larger decline resumption.
In the bigger picture, outlook will stay bearish as long as 1.6842 resistance holds. Fall from 1.8554 (2025 high) is expected to continue to 61.8% retracement of 1.4281 to 1.8554 at 1.5913. Decisive break there will pave the way back to 1.4281 (2022 low). However, firm break of 1.6842 should confirm medium term bottoming, and bring stronger rally.
 could still extend for a while before larger decline resumption.){kind=link}