EUR/AUD – 30M – BUY
The pair breaks through the bearish trendline upwards
The bullish trend up to the next resistance at 1.61088 will persist.
Caution: A possible trend reversal in the direction of the support level at 1.60187 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 1.610215 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.61088 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.61856 |
2nd High | 1.61136 |
Next High | 1.61088 |
Current Price | 1.60760 |
Next Low | 1.60187 |
2nd Low | |
3rd Low |