EUR/AUD – 1H – BUY

The pair Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline up.

A bullish trend up to the next resistance level at 1.66790 is certain.

Caution: A possible counter-trend in the direction of the support line at 1.65722 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.66256 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.66790 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three White Soldiers’ candlestick pattern is existing. The candles form ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

Download EUR/AUD Signal Image

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers