EUR/AUD – 30M – BUYThe currency pair jumps from the bullish trendline downwards
A descent down to the next support line at 1.64283 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 1.65282 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Current target is 1.64650216 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.65282 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65839 |
| 2nd High | 1.65429 |
| Next High | 1.65282 |
| Current Price | 1.64876 |
| Next Low | 1.64283 |
| 2nd Low | 1.64176 |
| 3rd Low | 1.63261 |