EUR/AUD Chart Technical Outlook pushing higher within the BC of the Gartley
The cross has moved higher from the 1.5848 swing low posted on Thursday the 15th of June. This was inside the measured move target from the Flag formation (1.5841).
We are assessed as within the BC leg of a large Gartley formation. This leg of the pattern is notoriously hard to trade.
An ordinary retracement level is the 88.6% Fibonacci of the last decline. This is located at 1.6690.
We have support today located at 1.6353. Substantial support is located at 1.6233.
I can see no clear indication of a change in trend.