EUR/AUD – 1H – BUYThe combination Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 1.61995 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.63070 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 1.6307 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.63070 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64969 |
| 2nd High | 1.63611 |
| Next High | 1.63070 |
| Current Price | 1.62409 |
| Next Low | 1.61995 |
| 2nd Low | 1.61689 |
| 3rd Low | 1.61260 |