EUR/AUD – 1H – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.635245 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.63047 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65429 |
| 2nd High | 1.64969 |
| Next High | 1.63047 |
| Current Price | 1.62588 |
| Next Low | 1.61829 |
| 2nd Low | 1.61620 |
| 3rd Low | 1.61392 |