EUR/AUD – 30M – BUYThe currency pair goes from the bullish trendline upwards
A continuation of the upward movement up to the next resistance at 1.62771 will persist.
Caution: A possible trend reversal in the direction of the support level at 1.62038 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 1.62387 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.62771 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62974 |
| 2nd High | 1.62907 |
| Next High | 1.62771 |
| Current Price | 1.62245 |
| Next Low | 1.62038 |
| 2nd Low | 1.61867 |
| 3rd Low | 1.61096 |