The pair Euro/Australian Dollar (EUR/AUD) breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance level at 1.63716 is certain.
Caution: A possible change in the direction of the support zone at 1.63342 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three White Soldiers’ candle chart pattern is existing. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.64969 |
2nd High | 1.63924 |
Next High | 1.63716 |
Current Price | 1.63999 |
Next Low | 1.63342 |
2nd Low | 1.63237 |
3rd Low | 1.61957 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers