Technical analysis
The price is above MA(50), together with the RSI above 50, suggesting that an upward movement may prevail.
What the possible outcomes are
Most likely, EURAUD will attempt to break the resistance level of 1.57658. If bulls break that level, the next one will move to 1.57919.
Contrarily, if the bears take over the market and surpass the support level of 1.57373, the next support level will be 1.57086.
Key levels
Support 1.57373, 1.57086
Resistance 1.57658, 1.57919
