Widening of Growth in EUR/AUD is Expected

Trading in the pair is on the downside. Pivot points are at: (S1) 1.5543; (P) 1.5656; (R1) 1.5736.

Pull back from a short term top 1.5770 should extend to support 1.5458. Overcoming of 1.5770 will prolong a medium term growth to 61.8% projection of 1.3624 to 1.5226 from 1.4949 at 1.5939.

Corrective drop from 1.6587 has completed at 1.3624. The pair can retest key resistance 1.6587. Overcoming of 1.6587 will resume a long term growth from 1.1602.