EUR/AUD – 30M – BUYThe combination breaks through the bearish trendline up.
An ascent upwards to the next resistance level at 1.63129 is expected.
Caution: A possible trend reversal in the direction of the support line at 1.61976 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64597 |
| 2nd High | 1.64295 |
| Next High | 1.63129 |
| Current Price | 1.62870 |
| Next Low | 1.61976 |
| 2nd Low | 1.61854 |
| 3rd Low | 1.61726 |