Growth in EUR/AUD Has Resumed

Trading in the pair is on the upside for resistance 1.5226, as increase from 1.4625 has resumed. Pivot points are at: (S1) 1.4953; (P) 1.5009; (R1) 1.5115.

Growth from 1.3624 is resuming. The pair can target at fibonacci level 1.5455. Overcoming of minor support 1.4901 will back trading to the downside.

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.