The combination Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline up.
An ascent upwards to the next resistance line at 1.75806 is expected.
Caution: A possible trend reversal in the direction of support at 1.75414 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The pair is likely to go up.
There is also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.76693 |
| 2nd High | 1.76291 |
| Next High | 1.75806 |
| Current Price | 1.75773 |
| Next Low | 1.75414 |
| 2nd Low | 1.75276 |
| 3rd Low | 1.75118 |
1.75806 – 1.75725 – 1.75539 – 1.75414 – 1.75276 – 1.7528 —
1.75715 – 1.75783 —
53.451173558248 – 59.55948602481 —
– —
1.75806 – 1765227600
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – – – – – – – – –