EUR/AUD Reversed Off Resistance, Prepare For Further Drop

EUR/AUD reversed off its resistance at 1.5954(61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 1.5734 (61.8% Fibonacci retracement, horizontal overlap support).

Stochastic (89, 5, 3) reversed off its resistance at 97% where a corresponding drop is expected.

EUR/AUD reversed off its resistance where we expect to see a further drop.

Sell below 1.5954. Stop loss at 1.6066. Take profit at 1.5734.

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