EUR/AUD Daily Outlook

ActionForex reports that intraday bias for EUR/AUD has returned to the downside following a decisive break below the 1.6250 support level. This technical breakdown signals that the decline from the 1.6617 peak is resuming, setting an immediate target for a retest of the 1.6108 low. On the upside, a recovery above the minor resistance level at 1.6331 would be required to shift the intraday outlook back to neutral, though corrective patterns from 1.6108 may extend before broader downward pressure resumes. From a larger macro-technical perspective, the broader outlook remains firmly bearish as long as resistance at 1.6842 holds. The current downtrend from the 2025 high of 1.8554 is anticipated to continue targeting the 61.8% Fibonacci retracement level of the 1.4281 to 1.8554 advance at 1.5913. A decisive breach below this critical retracement support would clear the path toward the 2022 low at 1.4281, whereas only a firm move above 1.6842 would signal a medium-term bottom and prompt a stronger reversal.