EUR/AUD – 30M – BUYThe currency pair moves from the ascending trendline down.
A bearish movement down to the next support level at 1.61849 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 1.63040 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Current target is 1.62834 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.63040 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63530 |
| 2nd High | 1.63273 |
| Next High | 1.63040 |
| Current Price | 1.62998 |
| Next Low | 1.61849 |
| 2nd Low | 1.61392 |
| 3rd Low | 1.61336 |