Intraday bias in EUR/AUD is turned neutral with current retreat. Overall outlook is unchanged that corrective pattern from 1.6108 (or 1.6125) is still extending. Above 1.6444 will target 1.6503 first. On the downside, below 1.6250 will target a retest on 1.6108 low.
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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