EUR/AUD – 30M – BUYThe currency pair goes from the bullish trendline up.
A continuation of the uptrend upwards to the next resistance level at 1.61510 will continue.
Caution: A possible counter-trend in the direction of the support line at 1.61029 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 1.6151 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.61510 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62507 |
| 2nd High | 1.61856 |
| Next High | 1.61510 |
| Current Price | 1.61379 |
| Next Low | 1.61029 |
| 2nd Low | 1.60989 |
| 3rd Low | 1.60864 |