EUR/AUD – 30M – BUYThe combination goes from the descending trendline down.
A continuation of the downward movement down to the next support line at 1.61867 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.62452 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.624205 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.62452 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62907 |
| 2nd High | 1.62562 |
| Next High | 1.62452 |
| Current Price | 1.62206 |
| Next Low | 1.61867 |
| 2nd Low | 1.61096 |
| 3rd Low | 1.61029 |