EUR/AUD – 1H – BUYThe pair Euro/Australian Dollar (EUR/AUD) jumps from the bullish trendline up.
A continuation of the bullish trend up to the next resistance level at 1.63611 will continue.
Caution: A possible trend reversal in the direction of the support zone at 1.62756 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.63237648 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 1.63611 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65429 |
| 2nd High | 1.64969 |
| Next High | 1.63611 |
| Current Price | 1.62869 |
| Next Low | 1.62756 |
| 2nd Low | 1.62621 |
| 3rd Low | 1.62549 |