EURAUD Breaks 1.6516 Resistance, Eyes 1.6636 Upside Target

As of June 27, EUR/AUD has resumed its rebound after decisively breaking above 1.6516, shifting intraday bias higher with the next objective at the 100% projection of 1.6636. The move follows a neutral-to-mildly bullish progression that began with recovery from the June 22 low of 1.6108, accelerated after clearing 1.6453 on June 24, and confirmed the 1.6306 pullback low. Despite the short-term constructive tone, the broader technical picture remains bearish while capped by 1.6842, keeping the 1.5913 retracement and 1.4281 low in focus as longer-term targets.