Currently we are @ 1.2476 after the break of the support and the .618 Fibo-which is bearish for the pair. The expected move is first to the resistance zone in the 1.2435-2456 area. A break here suggests a move to the 1.270 Fib extension @ 1.2422 with an overall target @ 1.2400.

EURAUD-10-26-2012.jpg