EUR/AUD – 1H – BUYThe currency pair breaks through the bearish trendline up.
The bullish trend up to the next resistance line at 1.61856 will persist.
Caution: A possible counter-trend in the direction of support at 1.60040 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.61624 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.61856 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63208 |
| 2nd High | 1.62507 |
| Next High | 1.61856 |
| Current Price | 1.61171 |
| Next Low | 1.60040 |
| 2nd Low | |
| 3rd Low |