EUR/AUD – 30M – BUYThe combination moves from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 1.65429 is considered certain.
Caution: A possible counter-trend in the direction of support at 1.64940 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 1.65540684 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.65429 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65998 |
| 2nd High | 1.65839 |
| Next High | 1.65429 |
| Current Price | 1.65174 |
| Next Low | 1.64940 |
| 2nd Low | 1.64690 |
| 3rd Low | 1.64445 |