EUR/AUD – 1H – BUYThe combination jumps from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance at 1.62620 is certain.
Caution: A possible counter-trend in the direction of the support level at 1.61621 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63530 |
| 2nd High | 1.63273 |
| Next High | 1.62620 |
| Current Price | 1.61965 |
| Next Low | 1.61621 |
| 2nd Low | 1.61336 |
| 3rd Low | 1.61096 |