EUR/AUD – 1H – BUYThe pair goes from the bearish trendline upwards
An ascending movement upwards to the next resistance at 1.64597 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 1.63165 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 1.642585 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.64597 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64996 |
| 2nd High | 1.64756 |
| Next High | 1.64597 |
| Current Price | 1.63719 |
| Next Low | 1.63165 |
| 2nd Low | 1.62899 |
| 3rd Low | 1.62662 |