Intraday bias in EUR/AUD remains on the downside at this point. Firm break of 1.6108 low will resume the whole down trend from 1.8554 high. Next target is 1.5359 projection level. On the upside, above 1.6251 minor resistance will delay the bearish case and turn 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.
