EUR/AUD Daily Outlook

Focus remains on 1.5226 key support level in EUR/AUD. As long as this support holds, further rise will still be in favor. Break of 1.5430 minor resistance will now indicate completion of the correction from 1.5770 and turn bias back to the upside for retesting 1.5770. However, sustained break of 1.5226 will indicate larger reversal and target 1.4949 support next.

Source:: EUR/AUD Daily Outlook

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