EUR/AUD – 30M – BUYThe combination Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline up.
A continuation of the bullish trend up to the next resistance line at 1.63109 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 1.62549 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.63109 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.63109 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63576 |
| 2nd High | 1.63543 |
| Next High | 1.63109 |
| Current Price | 1.63020 |
| Next Low | 1.62549 |
| 2nd Low | 1.62383 |
| 3rd Low | 1.62029 |