EUR/AUD – 30M – BUYThe currency pair breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance at 1.61856 will persist.
Caution: A possible reversal of the trend in the direction of support at 1.61096 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.61524 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.61856 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63208 |
| 2nd High | 1.62507 |
| Next High | 1.61856 |
| Current Price | 1.61640 |
| Next Low | 1.61096 |
| 2nd Low | 1.61029 |
| 3rd Low | 1.60989 |