EUR/AUD – 30M – BUYThe combination goes from the ascending trendline down.
A bearish trend downwards to the next support level at 1.61166 is certain.
Caution: A possible counter-trend in the direction of resistance at 1.62507 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.62187 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 1.62507 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64295 |
| 2nd High | 1.63208 |
| Next High | 1.62507 |
| Current Price | 1.61713 |
| Next Low | 1.61166 |
| 2nd Low | 1.61096 |
| 3rd Low | 1.60642 |