EUR/AUD breached 1.6258 support turned resistance but quickly retreated. Intraday bias stays neutral first. On the upside, decisive break of 1.6258 will bring stronger rally to 1.6444. On the downside, decisive break of 1.6072/6108 will resume the whole down trend from 1.8554 high. Next target is 1.5359 projection level.
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.
