Intraday bias in EUR/AUD stays neutral first. With 1.6264 resistance intact, larger down trend is in favor to continue. Break of 1.5951 will confirm resumption to 100% projection of 1.6334 to 1.5951 from 1.6264 at 1.5881. Firm break there will target 161.8% projection at 1.5644.
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. However, decisive break of 1.6334 resistance will indicate medium term bottoming, and bring stronger rebound back to 1.6842 resistance, even as a corrective bounce.
