EUR/AUD Outlook: Bearish Bias Holds as Downtrend Persists

The intraday bias for EUR/AUD stays slightly bearish. The broader downtrend from 1.8554 is expected to resume, with the next target at the 61.8% projection of the move from 1.6617 to 1.6072, measured from 1.6334, around 1.597. Should the pair break above the minor resistance at 1.6143, the bias could shift to neutral, leading to consolidation. However, downside risk persists as long as the 1.6334 level holds, limiting any recovery.

In the broader context, the downtrend that began at the 2025 high of 1.8554 remains intact as long as resistance at 1.6617 holds. A break below 1.6072 would signal a resumption of the decline. That said, a bullish divergence on the daily MACD suggests that a decisive break above 1.6617 could confirm a medium‑term bottom.

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