EUR/AUD – 1H – BUY
The currency pair breaks through the descending trendline upwards
An ascending movement upwards to the next resistance line at 1.62620 will continue.
Caution: A possible counter-trend in the direction of the support zone at 1.61392 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.63530 |
2nd High | 1.63273 |
Next High | 1.62620 |
Current Price | 1.62730 |
Next Low | 1.61392 |
2nd Low | 1.61336 |
3rd Low | 1.61096 |