The pair Euro/Australian Dollar (EUR/AUD) breaks through the descending trendline upwards
A bullish movement up to the next resistance line at 1.77442 is expected.
Caution: A possible counter-trend in the direction of the support level at 1.76928 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 1.77500852 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 1.77442 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.77688 |
| 2nd High | 1.77594 |
| Next High | 1.77442 |
| Current Price | 1.77420 |
| Next Low | 1.76928 |
| 2nd Low | 1.76895 |
| 3rd Low | 1.76297 |
1.77442 – 1.77594 – 1.7757 – 1.76928 – 1.76895 – 1.77104 —
1.77234 – 1.77396 —
52.61507394487 – 57.850966664638 —
– —
1.77442 – 1764556200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Double top retreat up – – – – – – – –