EURAUD focus Euro / Australian DollarFOREXCOM:EURAUDFxBmarketBias & Probable Scenarios Bearish bias remains dominant — the channel, multiple BOS on the downside, and failure to break back above prior highs all point south. Current area (~1.66169) acts as resistance/PDH zone — price is struggling here, with the downward arrow suggesting a likely continuation lower after liquidity taken above the weak low. Potential short setup — watch for rejection at/near 1.66169–1.6620 (current PDH/PDL cluster), ideally with bearish confirmation (e.g., rejection candle, displacement down). Targets could include: Next minor support ~1.6500–1.6550 Deeper toward channel bottom ~1.6400 Eventual extension to ~1.6200 (lightning bolt area) Bullish flip scenario (low probability right now) — requires a strong bullish BOS above recent PDH/strong high (~1.6680–1.6750?), invalidating the downtrend structure.