The pair Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline up.
A continuation of the upward movement upwards to the next resistance level at 1.68018 is considered certain.
Caution: A possible change in the direction of the support level at 1.67418 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.67745 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 1.68018 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.68309 |
| 2nd High | 1.68105 |
| Next High | 1.68018 |
| Current Price | 1.67534 |
| Next Low | 1.67418 |
| 2nd Low | 1.67181 |
| 3rd Low | 1.6635 |
1.68018 – 1.67706 – 1.68105 – 1.67418 – 1.67181 – 1.6759 —
1.67841 – 1.67725 —
58.210584064221 – 43.877118067154 —
– —
1.68018 – 1771306200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Double bottom retreat down – – – – – – – –