Pull Back in EUR/AUD Has Completed

Trading in the pair is on the upside for 1.5392, as pull back from 1.5392 has completed at 1.5079. Pivot points are at: (S1) 1.5122; (P) 1.5178; (R1) 1.5277.

A medium term increase from 1.3624 should target 61.8% projection of 1.3624 to 1.5226 from 1.4949 at 1.5939. Trading below 1.5196 will become neutral and prolong the consolidation from 1.5392.

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.