EUR/AUD – 30M – BUYThe combination Euro/Australian Dollar (EUR/AUD) breaks through the descending trendline upwards
The bullish trend up to the next resistance line at 1.62499 will persist.
Caution: A possible trend reversal in the direction of the support level at 1.62090 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Current target is 1.622487 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 1.62499 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62743 |
| 2nd High | 1.62502 |
| Next High | 1.62499 |
| Current Price | 1.62129 |
| Next Low | 1.62090 |
| 2nd Low | 1.61995 |
| 3rd Low | 1.61689 |