Decline in EUR/AUD Has Resumed

Trading in the pair is on the downside. Decline from 1.5226 has resumed. Pivot points are at: (S1) 1.4643; (P) 1.4699; (R1) 1.4727.

Growth from 1.3624 is completed at 1.5226. Trading above minor resistance 1.4754 will become neutral.

Price moves from medium term top 1.6587 are viewed as a correction, which could be completed at 1.3624 after defending key support 1.3671. It is awaited, that increase from 1.3642 will widen to 61.8% retracement of 1.6587 to 1.3624 at 1.5455 and above. The pair can retest 1.6587.