Intraday bias in EUR/AUD stays on the upside for 1.6503 resistance. Firm break there will target 1.6617. 1.6617. On the downside, below 1.6250 will target a retest on 1.6108 low. Overall, corrective pattern from 1.6108 (or 1.6125) is still extending.
In the bigger picture, outlook will stay bearish as long as 1.6842 resistance holds. Fall from 1.8554 (2025 high) is expected to continue to 61.8% retracement of 1.4281 to 1.8554 at 1.5913. Decisive break there will pave the way back to 1.4281 (2022 low). However, firm break of 1.6842 should confirm medium term bottoming, and bring stronger rally.
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