EUR/AUD – 30M – BUYThe currency pair goes from the ascending trendline downwards
A descent down to the next support level at 1.62332 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.64295 is within the realm of possibility.
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 will continue. Target of the current trend is 1.634645 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.64295 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64756 |
| 2nd High | 1.64597 |
| Next High | 1.64295 |
| Current Price | 1.63047 |
| Next Low | 1.62332 |
| 2nd Low | 1.62313 |
| 3rd Low | 1.61877 |