EUR/AUD – 1H – BUYThe pair breaks through the descending trendline up.
A bullish ascent upwards to the next resistance at 1.61856 is expected.
Caution: A possible trend reversal in the direction of support at 1.60989 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.61979062 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.61856 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63208 |
| 2nd High | 1.62507 |
| Next High | 1.61856 |
| Current Price | 1.61449 |
| Next Low | 1.60989 |
| 2nd Low | 1.60040 |
| 3rd Low |