EUR/AUD mark: 1.51699

Forecast: sideline / hold on

H4 Key points:
Resistance: 1.53750
1st support: 1.51000
Floor: 1.49680

Decision area: circle area (see chart)


As has been happening with any cross with Euro, EUR/AUD is also showing a bearish moment of European currency. Despite that we should evaluate different scenarios for different EUR counterpart. Because they have life: their own behaviour and realities of course.


Stay off this currency if the price is in the decision area. Wait for a clear breaking line (above top or below bottom).
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