EUR/AUD – 30M – BUYThe currency pair goes from the ascending trendline downwards
A descent downwards to the next support level at 1.63261 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 1.64295 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.63907 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.64295 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64756 |
| 2nd High | 1.64597 |
| Next High | 1.64295 |
| Current Price | 1.64255 |
| Next Low | 1.63261 |
| 2nd Low | 1.62933 |
| 3rd Low | 1.61849 |