The combination Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline up.
A bullish movement up to the next resistance line at 1.71678 will continue.
Caution: A possible change in the direction of the support level at 1.70989 could happen.
Consider stop-loss settings accordingly.
Next a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.72119 |
| 2nd High | 1.71924 |
| Next High | 1.71678 |
| Current Price | 1.71548 |
| Next Low | 1.70989 |
| 2nd Low | |
| 3rd Low |
1.71678 – 1.71924 – 1.72119 – 1.70989 – 1.71498 – 1.716 —
1.71158 – 1.71380 —
30.70099957434 – 47.569841275785 —
1.70989 – 1769189400 —
1.71678 – 1769169600
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – – – – – – – – –