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Technical analysis for EUR/AUD, the pair reached the 3rd target of the daily bullish run at 2.72 FIB extension at 1.6390, which was also resistance. Now the pair broke down on the four-hour chart, which is a signal for further declines. The first target for this decline is the 1.272 FIB extension at 1.5910, the second target is the 1.618 FIB extension at 1.5815.
On the other hand, if the EUR/AUD pair break above the 1.6265, it will open the door for a bullish run toward the previous high at 1.6436.
4H chart:
Daily chart:
