EUR/AUD – 30M – BUYThe currency pair breaks through the bearish trendline upwards
A bullish trend up to the next resistance level at 1.62620 is expected.
Caution: A possible counter-trend in the direction of the support zone at 1.62070 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 1.6262 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.62620 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63040 |
| 2nd High | 1.62649 |
| Next High | 1.62620 |
| Current Price | 1.62415 |
| Next Low | 1.62070 |
| 2nd Low | 1.61621 |
| 3rd Low | 1.61336 |