EUR/AUD – 1H – BUY
The currency pair moves from the ascending trendline down.
A bearish descent downwards to the next support level at 1.61621 is expected.
Caution: A possible change in the direction of resistance at 1.63273 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 1.62858482 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of resistance at 1.63273 should always be considered.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.64295 |
2nd High | 1.63530 |
Next High | 1.63273 |
Current Price | 1.62484 |
Next Low | 1.61621 |
2nd Low | 1.61336 |
3rd Low | 1.61096 |