EUR/AUD – 1H – BUYThe combination Euro/Australian Dollar (EUR/AUD) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 1.76867 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 1.74733 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.78820 |
| 2nd High | 1.77520 |
| Next High | 1.76867 |
| Current Price | 1.76565 |
| Next Low | 1.74733 |
| 2nd Low | 1.74636 |
| 3rd Low | 1.73885 |
1.76867 – 1.76371 – 1.76272 – 1.74733 – 1.75444 – 1.74636
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Engulfing