EUR/AUD – 1H – BUYThe pair breaks through the bearish trendline up.
A bullish movement up to the next resistance line at 1.62620 is likely expected.
Caution: A possible change in the direction of the support line at 1.61392 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through 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 level at 1.62620 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63530 |
| 2nd High | 1.63273 |
| Next High | 1.62620 |
| Current Price | 1.62542 |
| Next Low | 1.61392 |
| 2nd Low | 1.61336 |
| 3rd Low | 1.61096 |