EUR/AUD reached sell target 1.4500
- EUR/AUD reached sell target 1.4500
- Next sell targets - 1.4300
EUR/AUD continues to fall after the earlier breakout of the long-term support level 1.4500, which has been steadily reversing this currency pair from December (as can be seen from the daily EUR/AUD chart below) and which was set as the sell target in our previous forecast for this currency pair. The breakout of the support level 1.4500 is expected to accelerate the active minor impulse wave 5, which belongs to the (C)-wave of the primary ABC correction ② from February.
If the pair closes today below the support level 1.4500 - EUR/AUD can then be expected to fall further to the next sell target at the support level 1.4300 (forecast price for the completion of the active impulse wave 5 and (C)).