Intraday bias in EUR/AUD is back on the downside with break of 1.6250 support. Fall from 1.6617 is resuming and should target a retest on 1.6108 low. On the upside, above 1.6331 minor resistance will turn intraday bias neutral again first. 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}