Growth of EUR/AUD Reaches Maximum

Technical Reports

Trading is on the upside. Overcoming of 1.5971 will aline 100% projection at 1.6184. Pivot points are at: (S1) 1.5807; (P) 1.5859; (R1) 1.5895.

The pair met 61.8% projection of 1.5258 to 1.5816 from 1.5626 at 1.5971, after reaching maximum 1.5976. The pair’s forecast will stay bullish while support 1.5626 keeps.

The medium term growth from 1.3624 continues. Upside is expected to be limited by resistance from 1.6587. Overcoming of support 1.5153 will point out completion of the medium term growth. Break of key resistance 1.6587 will confirm resumption of long term increase from 1.1602.