Correction in EUR/AUD Can Complete

Trading in the pair is on the upside for retesting of maximum 1.5226.

The pull back in the pair from 1.5226 can complete after support from 38.2% retracement of 1.3624 to 1.5226 at 1.4614.

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.

Increase from long term bottom 1.1602 isn't over yet. There is prospect of extending the growth to 61.8% retracement of 2.1127 to 1.1602 at 1.7488 and above. Break of 1.3671 should confirm trend reversal and aline long term bottom 1.1602.