EUR/AUD – On daily chart we can see an interesting level in which should happen and so far is on the way correction of recent falls. The last two bearish waves reached similar levels. Whole decline abolished exactly half of the bullish move.
At this point we also have local support formed by low from May 2nd. Australian currency has gained a lot in recent days, and maybe now is the time for a small break. Currently on D1 we have a nice bullish candle, if so would end today’s session it would be a signal to at least short-term growth.
