EUR/AUD – 30M – BUYThe combination Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 1.62090 will continue.
Caution: A possible change in the direction of resistance at 1.62499 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 1.625325 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 1.62499 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62743 |
| 2nd High | 1.62502 |
| Next High | 1.62499 |
| Current Price | 1.62455 |
| Next Low | 1.62090 |
| 2nd Low | 1.61995 |
| 3rd Low | 1.61689 |