• EURAUD reversed from resistance level 1.5700
• Likely to fall to support level 1.5300
EURAUD recently reversed down from the resistance level 1.5700 (which has been reversing the price from the start of February) – standing near to the resistance trendline of the daily down channel from October.
The downward reversal from the resistance level 1.5700 started the active medium-term impulse sequence (3).
EURAUD is likely to fall further toward the next support level 1.5300 (which stopped the previous impulse wave (1)).
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