EUR/AUD falling inside minor impulse wave
- EUR/AUD falling inside minor impulse wave
- Next sell targets - 1.4600 and 1.4500
EUR/AUD has been falling in the last few trading session inside the minor impulse wave (iii) – which started previously – when the pair reversed down from the resistance zone located between the prominent resistance level 1.5100, upper daily Bollinger Band and the 50% Fibonacci correction of the previous downward impulse from the middle of May.
EUR/AUD is expected to continue the downward movement in the active impulse waves (iii) and C toward the next sell target at the support level 1.4600 – the breakout of which can lead to further losses toward the next major support level 1.4500.