The combination Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance at 1.63868 is certain.
Caution: A possible counter-trend in the direction of the support level at 1.63459 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 1.639205 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 1.63868 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64417 |
| 2nd High | 1.64125 |
| Next High | 1.63868 |
| Current Price | 1.63806 |
| Next Low | 1.63459 |
| 2nd Low | 1.63424 |
| 3rd Low | 1.62897 |
1.63781 – 1.63868 – 1.64125 – 1.63459 – 1.63424 – 1.6382 —
1.63660 – 1.64101 —
42.675343402057 – 58.000439918 —
– —
1.63781 – 1776951000
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Symmetrical Triangle Chart Pattern – – – – – – – –