Temporary Minimum Was Formed in EUR/AUD

Trading is neutral, as the pair stays above temporary minimum 1.4625. Pivot points are at: (S1) 1.4714; (P) 1.4758; (R1) 1.4785.

Recoil from 1.4625 can prolong for retesting of maximum 1.5226. Overcoming of 38.2% retracement of 1.3624 to 1.5226 at 1.4614 will bring deeper decline.

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.