EUR/AUD – 1H – BUYThe combination goes from the ascending trendline down.
The bearish trend downwards to the next support line at 1.61621 is likely expected.
Caution: A possible change in the direction of the resistance zone at 1.63273 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.62858482 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance zone at 1.63273 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64295 |
| 2nd High | 1.63530 |
| Next High | 1.63273 |
| Current Price | 1.62330 |
| Next Low | 1.61621 |
| 2nd Low | 1.61336 |
| 3rd Low | 1.61096 |