EUR/AUD Reversed Off Resistance, Prepare For Further Drop

EUR/AUD reversed off its resistance at 1.5520 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it is expected to drop further to its support at 1.5431 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support).

Stochastic (55, 5, 3) reversed off its resistance at 94% where a corresponding drop is expected.

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

Sell below 1.5520. Stop loss at 1.5579. Take profit at 1.5431.

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