Fall in EUR/AUD Goes On

Trading in the pair is on the downside for support 1.5458, as from 1.5770 continues. Pivot points are at: (S1) 1.5571; (P) 1.5604; (R1) 1.5647.

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. Support above 1.5226 will bring a recoil.

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.