EUR/AUD – 30M – BUYThe combination breaks through the descending trendline up.
The bullish trend up to the next resistance line at 1.63530 is likely expected.
Caution: A possible counter-trend in the direction of support at 1.62287 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.6353 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.63530 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64597 |
| 2nd High | 1.64295 |
| Next High | 1.63530 |
| Current Price | 1.63121 |
| Next Low | 1.62287 |
| 2nd Low | 1.62206 |
| 3rd Low | 1.61096 |