EUR/AUD Daily Forecast
EUR/AUD could fall further, retesting the 1.5254/71 support zone. A strong break there would have larger bearish implications and would resume the fall from 1.5976. Above 1.5650, the rebound to 1.5749 resistance will resume.
In the big picture, it's still too early to tell if the rise from 1.4281 signals a bullish trend reversal. However, as long as 1.5271 support holds, such a rally is likely to continue. A break of 1.5976 will target the key resistance level of 1.6434 next. A firm break of 1.5271 will, on the other hand, maintain medium-term bearishness.
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