Growth in EUR/AUD Might Extend

Trading is neutral, as the pair is staying in consolidation from 1.5392. Pivot points are at: (S1) 1.5093; (P) 1.5146; (R1) 1.5210.

A medium term increase from 1.3624 should target 61.8% projection of 1.3624 to 1.5226 from 1.4949 at 1.5939. Further growth is awaited in the pair. Overcoming of 1.4949 will back trading to the downside.

Corrective drop from 1.6587 has completed at 1.3624. The pair can test key resistance 1.6587 and retest minimum 1.3624. Overcoming of support 1.4949 will point out completion of the growth from 1.3624.