EURAUD reached support 1.4900 on Friday. After few hours that level was finally broken and the session finished below such important area. Investors saw at the chart W1 long upper shadow and at the chart D1 big red candle without any shadow at the bottom.
That situation has caused sell-off today. Downward movement has been so dynamic, that next support at 1.4810 has been broken before the midday. Next supports are located at 1.4780, 1.4680, 1.4580 and it is likely that at least two of that levels will be tested. However, if EURAUD tries to rebound, upward movement will be flat and it may be finished at 1.4810.
