EUR/AUD – 30M – BUYThe pair goes from the bearish trendline upwards
A bullish movement up to the next resistance line at 1.64996 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 1.64472 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.64748592 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.64996 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65352 |
| 2nd High | 1.65230 |
| Next High | 1.64996 |
| Current Price | 1.64578 |
| Next Low | 1.64472 |
| 2nd Low | 1.64452 |
| 3rd Low | 1.64142 |