EUR/AUD – 30M – BUYThe pair breaks through the descending trendline up.
A bullish movement up to the next resistance level at 1.62974 will continue.
Caution: A possible reversal of the trend in the direction of support at 1.62260 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.62868 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.62974 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63530 |
| 2nd High | 1.63192 |
| Next High | 1.62974 |
| Current Price | 1.62711 |
| Next Low | 1.62260 |
| 2nd Low | 1.62206 |
| 3rd Low | 1.61096 |