EUR/AUD – 30M – BUYThe combination jumps from the descending trendline upwards
A bullish ascent upwards to the next resistance line at 1.64756 is expected.
Caution: A possible change in the direction of the support line at 1.64283 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.64506492 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 1.64756 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64996 |
| 2nd High | 1.64850 |
| Next High | 1.64756 |
| Current Price | 1.64474 |
| Next Low | 1.64283 |
| 2nd Low | 1.64142 |
| 3rd Low | 1.63665 |