Intraday bias in EUR/AUD is turned neutral first with current recovery, and some consolidations would be seen above 1.6159 temporary low. On downside, below 1.6159 will target a retest on 1.6108 low. Decisive break there will resume the whole down trend from 1.8554 high too. However, firm break of 1.6259 will turn bias back to the upside for stronger rebound.
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.
