EUR/AUD – 1H – BUYThe currency pair breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance line at 1.62834 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.61392 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.62858482 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.62834 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63530 |
| 2nd High | 1.63273 |
| Next High | 1.62834 |
| Current Price | 1.62514 |
| Next Low | 1.61392 |
| 2nd Low | 1.61336 |
| 3rd Low | 1.61096 |