EUR/AUD – 1H – BUY

The combination Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline up.

A bullish trend up to the next resistance line at 1.63868 is considered certain.

Caution: A possible counter-trend in the direction of the support zone at could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair could go up.

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 1.641135 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 1.63868 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

1.63868 – 1.64581 – 1.64562 – 1.63459 – 1.63424 – 1.63851 —
1.63698 – 1.63953 —
45.606103407077 – 60.498197205577 —
– —
1.63868 – 1776924000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – – – – – – – – – –