Price Moves in EUR/AUD Are Corrective

Technical Reports

Trading in the pair is neutral. Pivot points are at: (S1) 1.4879; (P) 1.4922; (R1) 1.4969.

Further growth in the pair is expected. Pull back from 1.5226 has completed at 1.4625. Trading above 1.4997 will back to the upside for 1.5226.

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.