EUR/AUD reached sell target 1.4300
- EUR/AUD reached sell target 1.4300
- Next sell target - 1.4100
EUR/AUD continues to fall after the recent breakout of the support level 1.4300, which was set as the sell target in our previous forecast for this currency pair. The breakout of this support level accelerated the active minor impulse wave 3, which belongs to the extended intermediate impulse wave (C) from the middle of September.
EUR/AUD is expected fall further in the direction of the next sell target at the powerful support level 1.4100 (which reversed the previous waves (a), 1 and (b), as can be seen from the daily EUR/AUD chart below.). Sell stop-loss can be placed above the aforementioned price level 1.4300.