EUR/AUD – 30M – BUYThe combination Euro/Australian Dollar (EUR/AUD) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 1.62998 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 1.61689 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.62449 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.62998 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64969 |
| 2nd High | 1.63611 |
| Next High | 1.62998 |
| Current Price | 1.62800 |
| Next Low | 1.61689 |
| 2nd Low | 1.61260 |
| 3rd Low | 1.60040 |