EUR/AUD – 30M – BUYThe currency pair breaks through the bearish trendline upwards
An ascent up to the next resistance at 1.62649 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 1.62070 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 1.62649 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.62649 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63273 |
| 2nd High | 1.63040 |
| Next High | 1.62649 |
| Current Price | 1.62471 |
| Next Low | 1.62070 |
| 2nd Low | 1.61621 |
| 3rd Low | 1.61336 |