EUR/AUD – 1H – BUYThe pair jumps from the bullish trendline downwards
A bearish trend down to the next support at 1.61867 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 1.62562 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.62955576 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.62562 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63192 |
| 2nd High | 1.62907 |
| Next High | 1.62562 |
| Current Price | 1.62551 |
| Next Low | 1.61867 |
| 2nd Low | 1.61096 |
| 3rd Low | 1.60989 |