EURAUD currency pair is under bearish pressure today after the pair reversed down from the key resistance level 1.53300 (which stopped the earlier intermediate correction (4) in March), upper daily Bollinger Band and the 50% Fibonacci correction of the earlier downward impulse
from February. Given the clear daily downtrend and the continuation of the bearish euro sentiment seen across the currency markets lately, EURAUD currency pair can be expected to fall further toward the next support level 1.50000.