EUR/AUD – 30M – BUYThe combination breaks through the descending trendline upwards
A bullish trend up to the next resistance at 1.61388 is certain.
Caution: A possible counter-trend in the direction of the support level at 1.60989 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62507 |
| 2nd High | 1.61856 |
| Next High | 1.61388 |
| Current Price | 1.61394 |
| Next Low | 1.60989 |
| 2nd Low | 1.60864 |
| 3rd Low | 1.60512 |