EUR/AUD – 30M – BUYThe combination Euro/Australian Dollar (EUR/AUD) breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance at 1.62792 is considered certain.
Caution: A possible trend reversal in the direction of the support zone at 1.61689 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.62449 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 1.62792 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63611 |
| 2nd High | 1.62998 |
| Next High | 1.62792 |
| Current Price | 1.62747 |
| Next Low | 1.61689 |
| 2nd Low | 1.61260 |
| 3rd Low | 1.60040 |