• EURAUD reversed from resistance zone
• Likely to fall to support level 1.5425
EURAUD recently reversed down from the resistance zone lying between the resistance levels 1.5580 and 1.5670 – which have been reversing the price from February.
This resistance zone was further strengthened by the upper daily Bollinger Band and by the 50% Fibonacci correction of the downward impulse from January.
EURAUD currency pair is likely to fall further toward the next support level 1.5425 (low of the previous impulse wave 1).
