EUR/AUD – 30M – BUYThe pair breaks through the bullish trendline upwards
A continuation of the upward movement up to the next resistance line at 1.64756 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.63261 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64996 |
| 2nd High | 1.64850 |
| Next High | 1.64756 |
| Current Price | 1.64545 |
| Next Low | 1.63261 |
| 2nd Low | 1.62933 |
| 3rd Low | 1.61849 |