EUR/AUD – 30M – BUYThe pair breaks through the descending trendline up.
The bullish trend upwards to the next resistance level at 1.63192 is certain.
Caution: A possible trend reversal in the direction of the support level at 1.62329 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 0.5-Level.Continuation of the current ascending trend is certain. Current target is 1.62904316 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.63192 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64295 |
| 2nd High | 1.63530 |
| Next High | 1.63192 |
| Current Price | 1.62632 |
| Next Low | 1.62329 |
| 2nd Low | 1.62181 |
| 3rd Low | 1.61973 |