EUR/AUD – 30M – BUYThe pair goes from the bullish trendline down.
A bearish trend down to the next support line at 1.62287 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 1.63530 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.6353 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.63530 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64597 |
| 2nd High | 1.64295 |
| Next High | 1.63530 |
| Current Price | 1.63099 |
| Next Low | 1.62287 |
| 2nd Low | 1.62206 |
| 3rd Low | 1.61096 |