EUR/AUD – 30M – BUYThe combination breaks through the descending trendline up.
An ascending movement up to the next resistance at 1.61999 is certain.
Caution: A possible reversal of the trend in the direction of support at 1.61392 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62620 |
| 2nd High | 1.62596 |
| Next High | 1.61999 |
| Current Price | 1.61999 |
| Next Low | 1.61392 |
| 2nd Low | 1.61336 |
| 3rd Low | 1.61096 |