The combination breaks through the descending trendline up.
The bullish trend up to the next resistance line at 1.63530 is likely expected.
Caution: A possible counter-trend in the direction of support at 1.62287 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.6353 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.63530 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance |
Price Range* |
3rd High |
1.64597 |
2nd High |
1.64295 |
Next High |
1.63530 |
Current Price |
1.63121 |
Next Low |
1.62287 |
2nd Low |
1.62206 |
3rd Low |
1.61096 |
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Trading Signals: FOREX – EUR – EUR/AUD – AUD