EUR/AUD – 1H – BUYThe combination moves from the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance line at 1.62620 will continue.
Caution: A possible change in the direction of support at 1.61621 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.623045 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 1.62620 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63530 |
| 2nd High | 1.63273 |
| Next High | 1.62620 |
| Current Price | 1.61936 |
| Next Low | 1.61621 |
| 2nd Low | 1.61336 |
| 3rd Low | 1.61096 |