EUR/AUD – 30M – BUYThe currency pair breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance line at 1.62974 will persist.
Caution: A possible trend reversal in the direction of the support level at 1.62181 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.62771 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.62974 could happen.
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 | 1.62972 |
| Next Low | 1.62181 |
| 2nd Low | 1.61973 |
| 3rd Low | 1.61867 |