EUR/AUD – 1H – BUYThe combination breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 1.65998 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 1.64176 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.66302 |
| 2nd High | 1.66172 |
| Next High | 1.65998 |
| Current Price | 1.65484 |
| Next Low | 1.64176 |
| 2nd Low | 1.62933 |
| 3rd Low | 1.61849 |