EUR/AUD – 1H – BUYThe combination jumps from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance line at 1.66172 is expected.
Caution: A possible counter-trend in the direction of the support level at 1.64568 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 1.65435 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.66172 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67479 |
| 2nd High | 1.66302 |
| Next High | 1.66172 |
| Current Price | 1.65278 |
| Next Low | 1.64568 |
| 2nd Low | 1.64452 |
| 3rd Low | 1.64142 |