EUR/AUD – 1H – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance line at 1.62792 is certain.
Caution: A possible change in the direction of support at 1.62029 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 1-Level.Continuation of the current ascending trend is certain. Current target is 1.62367548 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of resistance at 1.62792 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64969 |
| 2nd High | 1.63611 |
| Next High | 1.62792 |
| Current Price | 1.62317 |
| Next Low | 1.62029 |
| 2nd Low | 1.61829 |
| 3rd Low | 1.61620 |