Trend Reversal in EUR/AUD is Expected
Trading of the cross rate is neutral. The corrective decline from 1.5770 goes on. Overcoming of 1.5226 will indicate trend reversal and target support 1.4949. Pivot points are at: (S1) 1.5339; (P) 1.5383; (R1) 1.5445.
Above minor resistance 1.5526 trading will back to the upside for retesting of resistance 1.5770.
Corrective drop from 1.6587 has completed at 1.3624. Overcoming of 1.5226 will indicate trend reversal. The pair can retest key resistance 1.6587. Overcoming of 1.6587 will resume a long term growth from 1.1602.