Buy EUR/AUD – 1H – BUY

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.632255 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.63129 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Support & Resistance Price Range*
3rd High 1.64597
2nd High 1.64295
Next High 1.63129
Current Price 1.62655
Next Low 1.61976
2nd Low 1.61854
3rd Low 1.61726

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