EUR/AUD – 1H – BUYThe combination Euro/Australian Dollar (EUR/AUD) breaks through the descending trendline up.
An ascending movement upwards to the next resistance level at 1.62761 is considered certain.
Caution: A possible change in the direction of the support level at 1.61894 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63327 |
| 2nd High | 1.63262 |
| Next High | 1.62761 |
| Current Price | 1.62646 |
| Next Low | 1.61894 |
| 2nd Low | 1.61478 |
| 3rd Low | 1.61104 |
1.62761 – 1.62751 – 1.63262 – 1.61894 – 1.62127 – 1.62007 —
1.62130 – 1.62637 —
48.836337702141 – 69.527530794892 —
– —
1.62761 – 1780329600
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Rising Wedge Chart Pattern – – – – – – – –