EURAUD Price Action Analysis - 23.6% Fibo support level crossing at 1.5900

W1 price is located above 200 period SMA (200-SMA) and 100 period SMA (100-SMA) for the primary bullish with secondary ranging between 38.2% Fibo support level at 1.5479 and Fibo resistance level at 1.6585:

• 23.6% Fibo support level at 1.5900 is going to be crossed by the price from above to below for the secondary correctional trend to be started;
• the price is ranging between 38.2% Fibo support level at 1.5479 and Fibo resistance level at 1.6585;
• triangle descending pattern was formed with 1.6585 for the price to be crossed for the bullish trend to be continuing.

If the price will break 38.2% Fibo support level at 1.5479 so the secondary correction may be started within the primary bullish market condition.
If the price will break Fibo resistance level at 1.6585 from below to above so the primary bullish trend will be continuing with good possible breakout of the price movement.
If not so the price will be ranging within the levels.

Trend: