EUR/AUD – 30M – BUYThe pair breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 1.61388 will continue.
Caution: A possible change in the direction of support at 1.60989 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.61388 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 1.61388 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62507 |
| 2nd High | 1.61856 |
| Next High | 1.61388 |
| Current Price | 1.61354 |
| Next Low | 1.60989 |
| 2nd Low | 1.60864 |
| 3rd Low | 1.60512 |