The pair Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline up.
A bullish movement up to the next resistance at 1.72119 is considered certain.
Caution: A possible change in the direction of the support line at 1.71581 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.72240548 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of resistance at 1.72119 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.74741 |
| 2nd High | 1.74663 |
| Next High | 1.72119 |
| Current Price | 1.71692 |
| Next Low | 1.71581 |
| 2nd Low | 1.7112 |
| 3rd Low | 1.71044 |
1.72119 – 1.74663 – 1.73979 – 1.71581 – 1.73064 – 1.72985 —
1.71829 – 1.71852 —
29.979787008063 – 33.725105214062 —
– —
1.72119 – 1769101200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Rising Wedge Chart Pattern – – – – – – – –