Intraday bias in EUR/AUD remains on the downside with focus on 61.8% projection of 1.6617 to 1.6072 from 1.6334 at 1.5997. Firm break there will extend the larger down trend to 100% projection at 1.5789. On the upside, above 1.6119 minor resistance will turn bias neutral and bring consolidations. But outlook will remain bearish as long as 1.6334 resistance holds, in case of recovery.
In the bigger picture, down trend from 1.8554 (2025 high) is in progress. Firm break of 1.5963 (2024 low). Should confirm that it’s already reversing whole up trend from 1.4281 (2022 low) and pave the way to this support. For now, outlook will stay bearish as long as 1.6334 resistance holds.
