Price Moves in EUR/AUD Are Corrective

Technical Reports

Trading in the pair is on the upside for retesting of maximum 1.5226. Pivot points are at: (S1) 1.4746; (P) 1.4775; (R1) 1.4815.

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.