Continuation Of Rise In EUR/AUD
Trading is on the upside for maximum 1.6189, as the growth from 1.5271 continues. Pivot points are at: (S1) 1.5725; (P) 1.5775; (R1) 1.5809.
Overcoming of support 1.5617 will point out completion of the growth from 1.5271. The pair’s forecast will stay bullish in case of retreat.
A medium term increase from 1.3624 continues. Corrective drop from 1.6189 has completed at 1.5217 already. Key support levels of 1.5153 and 38.2% retracement of 1.3624 to 1.6189 at 1.5209 were defended. Overcoming of 1.6189 will aline key resistance 1.6587.