The EUR/AUD Has Formed a Temporary High

Technical Reports

Trading in the pair is neutral, as a temporary top in place at 1.5241. Pivot points are at: (S1) 1.5169; (P) 1.5204; (R1) 1.5264.

widening of the medium term growth from 1.3624 is awaited in the pair. The pair should target 61.8% projection of 1.3624 to 1.5226 from 1.4421 at 1.5411. Trading below minor support 1.5108 will back to the downside.

Corrective drop from 1.6587 has completed at 1.3624. The pair can test key resistance 1.6587 and retest key support zone around 1.3624. Price moves from 1.5226 are corrective.