EUR/AUD – 1H – BUYThe pair goes from the descending trendline upwards
An ascent upwards to the next resistance line at 1.64597 will persist.
Caution: A possible counter-trend in the direction of support at 1.63165 could happen.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.642585 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.64597 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64996 |
| 2nd High | 1.64756 |
| Next High | 1.64597 |
| Current Price | 1.63797 |
| Next Low | 1.63165 |
| 2nd Low | 1.62899 |
| 3rd Low | 1.62662 |