EUR/AUD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.62322626 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.62494 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62743 |
| 2nd High | 1.62524 |
| Next High | 1.62494 |
| Current Price | 1.62182 |
| Next Low | 1.61583 |
| 2nd Low | 1.61260 |
| 3rd Low | 1.60040 |