EURAUD remains neutral for the moment. After hitting a high of 1.6582 on August 24, the pair has been trading within a range of 1.5587 and 1.6188.
The intraday bias is to the downside after price crossed below the tenkan-sen line. Support lies at the lower end of the range and resistance at the top of the range. A break below the lower range line would weaken the bulls.
In the bigger picture, the uptrend from 1.3672 is still in progress as there is no clear sign of a trend reversal yet. RSI remains above 50 in bullish territory and the market is above the Ichimoku cloud.